A first bio-diesel pump in the state will come up at Pimpri-Chinchwad by December. The pump will be operated by Pune-based company My Eco Energy.
Santosh Verma,Director of the company,said that bio-diesel would be generated by the company by treating waste material,including vegetable oils and animal fat.
Verma,who also runs a similar business in the United Kingdom,while addressing the media in the city,said that the bio-diesel plant would be set up at an investment of Rs 250 crore.
India spends Rs 92,000 crore on diesel subsidy every year,which is a great loss to the exchequer. With the country being a signatory of the green fuel treaty,by next few years around 20 per cent of the diesel usage will be replaced by bio-diesel, he said.
States like West Bengal and Karnataka already have such set ups,but this would be the first time that such a pump would be used for domestic consumption. We are trying to tie up with public transport bodies for its use. Later on,we will target other vehilces, he said.