Indian Oil Corporation (IOC) has signed a Memorandum of Understanding (MoU) with the Haryana Government for setting up a biomethenation plant in Faridabad. The plant will produce cooking gas and compost from organic waste.
The plant will produce 18 cylinders of gas every day which will be supplied to Iskcon, which is also engaged in cooking mid-day meal for 60,000 school children in Faridabad, free of cost. The plant will also produce about four tonnes of compost per day from five tonnes of organic waste. This compost will be supplied to Haryana Shahri Vikas Pradhikaran (HSVP) for parks.
The project, which will be set up by IOC at a cost of Rs 3 crore through Corporate Social Responsibility fund, would be completed by March 2019. Land for this project has been made available by HSVP.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
