India's Biofuel Blending Success and Green Energy Transition
Key Ideas
- India saves ₹91,000 crore on import bill through biofuel blending, with plans to achieve 20% blending target ahead of schedule.
- Union Petroleum Minister emphasizes the importance of green energy transition as India's refineries move towards green hydrogen goals.
- Energy Technology Summit in Bengaluru focuses on energy security, sustainability, and achieving net-zero emissions by 2070.
- 2023-24 energy efficiency technology awards are distributed to recognize innovations in the petroleum and natural gas sector.
Union Petroleum Minister Hardeep Singh Puri highlighted India's success in biofuel blending, saving ₹91,000 crore on the import bill. He expressed confidence in achieving the 20% blending target ahead of schedule. The minister emphasized the significance of transitioning to green energy, noting India's position to reach its green hydrogen goals. With India's energy demand expected to grow significantly by 2047, the country's focus on energy security and sustainability is crucial. The Energy Technology Summit in Bengaluru brought together 1,200 participants to discuss energy targets and net-zero emissions by 2070. The event featured 60 research papers and 23 exhibitors showcasing the latest technologies. Puri also distributed the 2023-24 energy efficiency technology awards, acknowledging innovations in the petroleum and natural gas sector.
Topics
India
Energy Security
Energy Efficiency
Technology Innovation
Green Energy Transition
Energy Summit
Biofuel Blending
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