Coimbatore : Indian Oil Corporation Ltd (IOCL) is in the process of developing LPG from biomass and would succeed in another two to three years, a senior official in the R and D wing said Friday.

This is being done in tune with the decision of World LPG Association to have at least 50 per cent of LPG from biomass including vegetable wastes by 2040, IOCL R and D Wing Director, S S V Ramumar said.

Accordingly India has taken a lead and in the process of developing the product, which will be fruitful in another two to three years, Ramkumar told reporters on the sidelines of two-day IOCL National LPG Conclave 2020.

IOCL wanted at least 10 per cent of LPG be produced from Biomass and put in use, as this will be cost effective, he said.

Earlier addressing the Conclave, Ramkumar said that the demand for cooking LPG has reached a saturated level in India and there was the need to find out the areas where the LPG can be utilised, like auto LPG.

Chennai Petroleum Corporation Ltd Managing Director, S N Pandey in his address said that the demand for kerosene had come down of late due to availability of alternate fuels.

The kerosene will not be used after 2040, he claimed.

Ratnagiri Refineries and Petrochemicals Ltd Chairman, B Ashok said that there was a lot of opportunities for expansion the area of LPG, the sector which was growing by three to four per cent.