October 27, 2020 at 05:50AM
There appears to be a definite anomaly in OMCs’ offtake price for bio-CNG (for which crop residue can be a feedstock) as compared to that offered for 1G bioethanol or biodiesel. This matter requires serious consideration by the MoP&NG and the earliest revision of bio-CNG offtake rates as well as issuing ‘bankable’ offtake agreement for 15 years, to facilitate low-cost project financing.
from The Financial Express
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