Cabinet advances ethanol blending target of 20% in petrol to 2025-26
20 May 2022
2 Min Read
CW Team
To reduce dependency on imported oil for satisfying the country's energy demands, the Cabinet authorised advancing the aim of blending 20% ethanol in gasoline by five years to 2025-26, as well as enabling new feedstocks for biofuel production.
According to media sources, the Cabinet, led by Prime Minister Narendra Modi, adopted the modifications to the National Policy on Biofuels during its meeting.
The significant change is to push back the deadline for blending 20% ethanol into gasoline (20% ethanol, 80% gasoline) from 2030 to 2025-26.
Currently, around 10% ethanol is incorporated into gasoline.
In addition, more feedstocks for the production of biofuels that can be doped with auto fuels have been approved.
It also encourages firms based in Special Economic Zones (SEZ)/ Export Oriented Units (EoUs) to produce biofuels in India as part of the Make in India initiative.
These measures would help India, which imports 85% of its oil, to reduce its dependency on international exports.
The Cabinet also authorised allowing licence for the export of biofuels in particular instances. The reforms would also encourage the development of indigenous technology, paving the path for the Make in India initiative and creating more jobs.
The current National Biofuels Policy was established in 2018. This amendment proposal would open the path for the Make in India initiative, resulting in a decrease in petroleum imports as more biofuels are produced.
Since many more feedstocks are being authorised for the manufacture of biofuels, this would promote the Atmanirbhar Bharat and provide momentum to Prime Minister Modi's aim of India becoming energy independent by 2047.
Also read: Monetisation of IOCL, HPCL & GAIL pipelines loses steam
To reduce dependency on imported oil for satisfying the country's energy demands, the Cabinet authorised advancing the aim of blending 20% ethanol in gasoline by five years to 2025-26, as well as enabling new feedstocks for biofuel production.
According to media sources, the Cabinet, led by Prime Minister Narendra Modi, adopted the modifications to the National Policy on Biofuels during its meeting.
The significant change is to push back the deadline for blending 20% ethanol into gasoline (20% ethanol, 80% gasoline) from 2030 to 2025-26.
Currently, around 10% ethanol is incorporated into gasoline.
In addition, more feedstocks for the production of biofuels that can be doped with auto fuels have been approved.
It also encourages firms based in Special Economic Zones (SEZ)/ Export Oriented Units (EoUs) to produce biofuels in India as part of the Make in India initiative.
These measures would help India, which imports 85% of its oil, to reduce its dependency on international exports.
The Cabinet also authorised allowing licence for the export of biofuels in particular instances. The reforms would also encourage the development of indigenous technology, paving the path for the Make in India initiative and creating more jobs.
The current National Biofuels Policy was established in 2018. This amendment proposal would open the path for the Make in India initiative, resulting in a decrease in petroleum imports as more biofuels are produced.
Since many more feedstocks are being authorised for the manufacture of biofuels, this would promote the Atmanirbhar Bharat and provide momentum to Prime Minister Modi's aim of India becoming energy independent by 2047.
Image Source
Also read: Monetisation of IOCL, HPCL & GAIL pipelines loses steam
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
