Categories: News

Government to support Ethanol blending of Petrol in a big way: Petroleum Minister

The Minister of State (Independent Charge) for Petroleum and Natural Gas, Shri Dharmendra Pradhan has expressed the Government�s commitment for time bound execution of initiatives to introduce Ethanol blended Petrol and Bio diesel in the country. Inaugurating a National Seminar on “Lignocellulose to Ethanol- Roadmap for India” in New Delhi today, he said that Oil Marketing companies have already invited bids for 120 crore litre of Ethanol for blending in petrol for sugar year 2015-16 which would be 5% (approx) of the country’s total petrol consumption.

Listing out the benefits of using Ethanol blended petrol, Shri Pradhan said that it will not only help in value addition for the farmer’s produce but will also reduce foreign exchange expenditure. He said that added benefits of blended petrol would be in the form of employment generation, entrepreneurship promotion and environment protection. He said that Ethanol blended petrol was introduced in 2003 but the process got impetus only in 2014-15 when new government took policy decisions to incentivize petrol blending.

Shri Pradhan said that there is a demand for Ethanol for blending with petrol but there are technological and financial challenges which needs to be overcome. The Petroleum Minister called upon various departments of Government, State Governments, Academic and Research Institutions to work together to find solution to these challenges. Shri Pradhan said that molasses to Ethanol conversion is already going on and the Government has taken up second generation of lignocelluloses to Ethanol production to utilize agricultural residues/wastes, and achieve the target of 10% Ethanol blending.

The National Seminar was aimed at accelerating the EBP programme in the country and to draw up a roadmap for establishing ethanol industry from lignocellulosic route thus reducing the foreign exchange outflow, generate rural employment and protect environment.

Alex

Recent Posts

WNS Files Fiscal 2024 Annual Report on Form 20-F

NEW YORK, LONDON & MUMBAI--(BUSINESS WIRE)--$WNS #AnnualReport--WNS (Holdings) Limited (NYSE: WNS), a leading provider of…

1 day ago

Cleveland-Cliffs Applauds International Trade Commission’s Decision to Uphold Tariffs on Japanese Imports

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the International Trade Commission’s (ITC) unanimous decision to…

1 day ago

Eze Perfumes: India’s Fragrance Footprint Expands to US!

NEW YORK--(BUSINESS WIRE)--#D2C--A year since its launch under Incredible Indriya, Eze Perfumes, the first direct-to-consumer…

1 day ago

Asia-Pacific Wind-Assisted Propulsion Market Analysis and Forecast, 2023-2032 Featuring Prominent Players – Eco Marine Power Co. Ltd and Mitsui O.S.K. Lines – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Wind-Assisted Propulsion Market: Focus on Application, Technology, Installation Type, Vessel Type, and…

1 day ago

YY Group Expands into Cambodian Hospitality and Hotel Industry

SINGAPORE, May 10, 2024 (GLOBE NEWSWIRE) -- YY Group Holding Limited (NASDAQ: YYGH) (“YY Group”,…

1 day ago

Wipro Appoints Vinay Firake as Chief Executive Officer for APMEA Strategic Market Unit

DUBAI, United Arab Emirates & BENGALURU, India--(BUSINESS WIRE)--$WIPRO #APMEA--Wipro Limited (NYSE: WIT, BSE: 507685, NSE:…

1 day ago