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Updated on: Thursday, May 30, 2019, 02:00 AM IST

Work in progress on new policy on biofuels

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File Photo |

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‘1-G and 2-G Ethanol, Biodiesel, MSW to fuel etc to have huge potential in augmenting economic growth…’

Mumbai : A consultative workshop on new national policy on Biofuels & Pradhan Mantri Ji- Van Yojana (VGF for 2nd Generation Ethanol Bio Refineries) was organised by Ministry of Petroleum and Natural Gas. The ministry is inviting suggestions for drafting a suitable roadmap for biofuels in India.

The workshop was organised as the government is promoting biofuels with an objective to reduce dependency on import of crude oil, savings in foreign exchange, provide better remuneration for the farmers and address growing environment concerns in the light of Prime Minister Narendra Modi’s Commitment at COP 21.

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During the day-long workshop 5 Working Groups on 1-G Ethanol, 2-G Ethanol, Biodiesel, Municipal Solid Wastes to Fuel and Bio-CNG comprising of all the stakeholders (producers, bankers and buyers) deliberated issues related to their segment in detail and came up with many constructive suggestions and inputs. Minister of Petroleum and natural Gas, Skill Development and Entrepreneurship, Dharmendra Pradhan in his speech said that 1-G and 2-G Ethanol, Biodiesel, MSW to Fuel and Bio-CNG together with Methanol(DME) have huge potential in augmenting economic growth, generating employment and doubling farmers’ income. He said this will be instrumental in achieving the target of 10 per cent import reduction by 2022 set by the Prime Minister Narendra Modi. He said that during the workshop many constructive suggestions related to feedstock management, technology, capacity augmentation, fiscal incentives and Supply chain management were received.

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Published on: Friday, November 24, 2017, 12:20 AM IST
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