NTPC, IOC plan JV for biodiesel, lubricants

India’s largest energy firms NTPC and Indian Oil Corp. (IOC) will together explore the possibility of producing biodiesel and manufacturing specialized lubricants for power plants. Both the companies confirmed the development. NTPC and IOC are said to be in the process of identifying research projects for developing high-performance energy-efficient lubricants. (March 18, 2010)