Chasing India’s Biodiesel Opportunities

[] RCAI announced that it, along with its Indian distributor, Suretech (formerly Aurtech India), are in discussions with the Indian federal government for the supply of BioDiesel to that country. India is actively involved in implementing a national program for the phasing in of BioDiesel-blended fuel oils, primarily with respect to government-run rail and other transportation systems. India currently imports more than 70% of its crude petroleum diesel needs, which are refined in-country. RCAI estimates the value of its portion of India’s BioDiesel needs, based on the work with the Ministry of Railroads alone, at approximately US$4 million annually, based upon a B5 (5% BioDiesel) blend, which could grow to over $10 million as the country moves toward a B10 (10% BioDiesel) blend in the future. RCAI said they have exclusive rights to the industrial marine BioDiesel market through its agreement with Topia Energy, the company’s BioDiesel supplier.