Welcome to OFI India
OFI India brings the content from Oil & Fats International magazine to life with serious debate, learning, face-to-face networking and the opportunity to gather in an international environment to do business.
Add the dates to your diary now 13-14 April 2016, Hyderabad International Convention Centre, Hyderabad, India.
REGISTER NOW TO RESERVE YOUR ACCESS BADGE
Entrance to the exhibition is free of charge for those involved in the edible oils and fats sector. Register now online to get your fast-track access pass.
India - A growing hub for Oils and Fats
India is the world’s largest edible oil importer and the second most populous nation in the world, with over 1.2bn people. It imports some 11M tonnes/year of edible oil, against domestic production of 7-8M tonnes.
The country consumes around 19M tonnes/year of edible oil and per capita consumption stands at around 14-15kg, compared with a global average of 22.8kg. The government’s 12th five-year plan (2012/13 - 2016/17) aims to increase domestic production of oils from 7.06M tonnes to 9.51M tonnes by the end of 2016/17 through increasing oilseed area and productivity.
India offers enormous growth potential from a business perspective to international companies through its rapidly developing markets and infrastructure projects.
Four events in one, featuring:
1. The international exhibition of suppliers, producers and processors (Free to attend)
2. Business Conference: Fostering Market Growth and Facing Challenges in the Oils and Fats industry (Free to attend)
3. Smart Short Course: Critical Issues in Crushing, Refining, Processing, Product and Formulation and Packaging
4. The CSIR-IICT One - Day Tour (Free to attend)
Tweet about OFI India and hashtag OFI India - #OFIIndia
If you are interested in meeting and networking with your existing and potential partners and business facilitators within this expanding sector then you can’t miss the opportunity to have a presence within this industry-leading exhibition OFI India 2016. Get in touch with our OFI India team to find out more.
Indian fuel retailers launch first tender for biodiesel
(Thursday 6 August 2015) India’s state-run fuel retailers have launched the country’s first tender for biodiesel, seeking to procure 850M litres of biodiesel from local manufacturers between now and March 2016, reports the Economic Times.
According to the tender document, the Indian Oil Corporation would procure about 40% of the total quantity while the balance would be shared between Bharat Petroleum Corp and Hindustan Petroleum Corp, the report said.
The biodiesel will have to be delivered at multiple locations across the country from August through to March 2016, with technical and price bids to be submitted online by19 August.
The report said the tender would help retailers discover the price of biodiesel and ready themselves for blending when it became mandatory.
Uncertainty on the availability of biodiesel had slowed progress towards mandatory blending.
The National Policy on Biofuels had proposed a 20% blending ratio for both biodiesel and ethanol by 2017, the report said.
Currently, the government has made it mandatory only to blend 5% ethanol – chiefly produced from sugar and corn – with petrol. A 12.36% excise duty levied on ethanol supplied for blending was removed three months ago and the government also raised the import duty on sugar to 40% from 25% to support the local sugar industry.
Indian olive oil in sight
The Indian state of Rajasthan is preparing to begin producing its first home-grown olive oil on a small but commercial scale, with first extractions beginning in August, according to an Olive Oil Times report in July.
The pilot project was first initiated in 2007, when Indian farmers visited agricultural experts in Israel to determine whether Indian olive oil production was technically feasible and economically viable in India’s tropical desert climate. Following the research trip, the Rajasthan Olive Cultivation Limited (ROCL) was assembled in April of that year, forming a partnership between the Government of Rajasthan, India-based Finolex Plasson Industries and Pune and Indolive Industries of Israel. Seven olive tree varieties were imported to India from Israel, drip irrigation systems were installed on 182ha and extraction units were imported from Italy.
India is the world’s biggest importer of edible oils and the ROCL estimated that the Indian produced olive oil would be available at around a third of the cost of imported oils, Olive Oil Times said. The first olives were harvested last season and the oil sold to a private company. It was hoped that 8,000 to 10,000 litres of ‘Raj Olive Oil’ would be produced this season and would be available on the market by the end of the year the report said. Both virgin and extra virgin oil would be available.
Business Today India spoke to ROCL’s manager, Yogesh Kumar Verma last year, who said: “We sent some samples to Israel and labs elsewhere to find out the oil content in the fruit. It ranges from 9-14%.” According to the report, oil content in fruit from other countries is usually between 12% and 16%.
B20 boost for India
India’s Union Shipping Ministry has announced that it will be using 20% blended biodiesel (B20) at 12 major ports, according to a report in The Hindu on 24 June. The Bureau of Indian Standards had been asked by the government to set higher biofuel standards for cars, trains, heavy engineering machines and generators, the report said.
The country’s first biodiesel dispensing pump was opened in June at Haldia Port and will be supplied by Emami Agrotech, the edible and biodiesel arm of India’s Emani Group. Emami’s 300 tonnes/day Haldia, West Bengal biodiesel plant, which makes use of palm oil residues among other things, was eastern India’s first and largest biofuel facility set up in technical collaboration with Desmet Ballestra in 2006.
According to the union minister for road transport, highways and shipping, Emami’s biodiesel is cost effective. “We are looking at the possibility of buying biodiesel for all major ports at a price much lower than the petroleum diesel price”, he told The Hindu.
In January the government made a decision to allow biodiesel to be sold directly to consumers for transport use, which will expand India’s clean energy market.
- Emami Agrotech is also looking to expand its edible oil refining capacity at its facility in Haldia. According to The Hindu, the plant’s production will be extended by 400 tonnes/day taking the total daily capacity to 2,000 tonnes. In addition it is looking to set up a new vegetable oil port-based refinery in Gujarat to supply the western region, a director of Emami, Manish Goenka, told The Hindu.
Ruchi Soya signs deal to scale up sustainable palm oil production
(5 June 2015) Ruchi Soya Industries Limited, India’s number one edible oil and soya foods company, has signed a €4.5M deal with NGO Solidaridad to expand sustainable production of palm oil in the country.
Ruchi will share 55% of the investment and Solidaridad the remaining 45%.
They will be working with farmers and training them on sustainable practices to grow more palm oil with less land, water and energy while protecting the environment.