BIOFUELS Two problems roused the world’s concern in recent years. One is energy crisis caused by the squandering of petroleum fuel. Second problem is environmental problems such as greenhouse effect, global warming, etc. To deal with such problems, renewable sources, utilization technology and bioenergy production technology have been developed. Bioethanol as one of the biofuel can be blended in different proportions in automobiles with gasoline. Biobutanol is also a new biofuel (Liu, Wang, & Zhang
CHAPTER: 1 EXECUTIVE SUMMARY Petroleum is one of the primary sources of energy. It is the back bone of industries. It goes through a long chain from exploration to retailing- before it is available for usage in different forms. In our country, the Refining business is primarily dominated by Public Sector Undertaking Companies like Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL), etc. Apart from PSUs, major player in this sector