Introduction:
The Company that launched M15 Petrol, with a 15 per cent blend of methanol with petrol, is the Indian Oil Corporation (IOC). The IOC is India's largest commercial enterprise and a Fortune "Global 500" company.

Explanation:
The Indian Oil Corporation (IOC) launched M15 Petrol with a 15 per cent blend of methanol with petrol. This move is in line with the Indian government's vision to promote the use of alternative and cleaner fuels in the country.

Benefits of Methanol Blending:
Methanol blending offers several benefits, including:

1. Reduced Emissions: Methanol is a cleaner-burning fuel compared to conventional petrol. When blended with petrol, it helps reduce emissions of harmful pollutants such as particulate matter, nitrogen oxides, and carbon monoxide.

2. Improved Fuel Efficiency: Methanol has a higher octane rating than petrol, which can enhance the fuel efficiency of vehicles. This can result in cost savings for consumers and a reduction in the overall demand for petrol.

3. Lower Carbon Footprint: Methanol is a renewable fuel that can be produced from various feedstocks, including biomass and industrial waste. By blending methanol with petrol, the carbon footprint of the transportation sector can be reduced, contributing to India's efforts to combat climate change.

Role of Indian Oil Corporation (IOC):
The Indian Oil Corporation (IOC) has been at the forefront of promoting alternative fuels and sustainable energy solutions in India. As the country's largest oil refining and marketing company, the IOC plays a crucial role in developing and commercializing new fuel technologies.

The IOC has been actively involved in research and development for methanol blending and has successfully conducted extensive trials to evaluate the performance of M15 fuel. These trials have demonstrated the feasibility and benefits of methanol blending in terms of emissions reduction and improved fuel efficiency.

Conclusion:
The Indian Oil Corporation (IOC) launched M15 Petrol, a blend of 15 per cent methanol with petrol, as part of its efforts to promote cleaner and more sustainable fuels in India. Methanol blending offers various benefits, including reduced emissions, improved fuel efficiency, and a lower carbon footprint. The IOC's initiative aligns with the Indian government's vision to reduce pollution and promote a greener transportation sector.