The DBT-IOC centre for Advanced Bioenergy Research is centre funded by Department of Biotechnology, Government of India and Indian Oil Corporation Limited. The DBT-IOC centre for Advanced Bioenergy Research is jointly funded by Department of Biotechnology (DBT), Ministry of Science and Technology, Government of India and Indian Oil Corporation Limited (IOC), India?s largest commercial enterprise by revenue. This Centre is committed to advanced Bioenergy Research addressing second and third generation biofuel. For some years now, bio fuels have been seen as an environmentally sound way of reducing dependence on fast depleting fossil fuels. With commercially driven research in bio-fuels, IndianOil?s R&D Centre is in the league of front line institutions engaged in such work. Due to the fact that the first generation of biofuels such as biodiesel could not gain commercial scale in the country due to non-availability of feedstock like Jatropha and Karanjia in sufficient quantities, the DBT began to consider developing second generation biofuels from agricultural wastes. It decided to set up a centre for Centre for Energy Biosciences at Institute of Chemical Technology (ICT), Mumbai in 2008.