India's Accelerated Biofuel Program for Energy Security and Agriculture Boost
Key Ideas
  • India has achieved a 16.9 percent biofuel blending rate, nearing its 2030 target of 20 percent ahead of schedule, resulting in Rs 91,000 crore savings on the import bill, benefiting agriculture.
  • The Energy Technology Meet (ETM)-2024 in Bengaluru focused on 'Green Energy Horizons' and highlighted the importance of green hydrogen, biofuels, and Compressed Bio Gas (CBG) for energy security and transition.
  • Indian Oil Corporation Limited emphasized the integration of green energy solutions into refining processes to build a resilient and environmentally responsible industry, with a focus on cutting-edge technologies and resource optimization.
  • The event attracted over 1,300 participants, including industry professionals, domain experts, academics, and R&D scientists, showcasing India's potential in achieving a sustainable and secure energy mix through diverse energy solutions like solar, wind, bio-energy, ethanol, and green hydrogen.
India has made significant progress in its biofuel program, achieving a 16.9 percent blending rate and nearing its 2030 target of 20 percent well before schedule. The country's Union minister for petroleum and natural gas, Hardeep Singh Puri, highlighted the positive impact of biofuel blending, leading to substantial savings of approximately Rs 91,000 crore on the import bill, particularly benefiting the agriculture sector. The Energy Technology Meet (ETM)-2024, launched in Bengaluru, emphasized the advancement of sustainable refining and petrochemicals under the theme 'Green Energy Horizons.' The event underscored the importance of green hydrogen, biofuels, and Compressed Bio Gas (CBG) in enhancing energy security and transitioning towards greener alternatives to reduce reliance on imported fossil fuels. Indian Oil Corporation Limited outlined the necessity of integrating green energy solutions into the refining industry through innovative technologies and resource optimization to ensure environmental responsibility and resilience. With a strong focus on research and patents, India's oil marketing companies have been proactively contributing to the development of diverse energy solutions like solar, wind, bio-energy, ethanol, and green hydrogen. The event gathered over 1,300 participants, including industry professionals, experts, and scientists, showcasing the nation's potential to achieve a sustainable and secure energy mix. India's commitment to green energy and sustainable practices positions it favorably for a resilient energy future.
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