India's Vision for Energy Sustainability and Green Initiatives
Key Ideas
- India's Minister of Petroleum highlights India's success in energy availability, affordability, and sustainability under Prime Minister Modi's leadership.
- The government is dedicated to achieving a 20% ethanol blending target by 2025, with progress already exceeding 15% in May.
- Initiatives like integrating green hydrogen in refining processes and setting up green hydrogen plants show a commitment to green initiatives.
- Upcoming projects include setting up greenfield refineries by BPCL and ethane cracker unit for petrochemicals by GAIL, emphasizing future growth.
Shri Hardeep Singh Puri, the new Minister of Petroleum and Natural Gas in India, expressed the government's commitment to achieving a 20% ethanol blending target by 2025, with progress already surpassing 15% in May. He highlighted India's success in addressing the energy trilemma of availability, affordability, and sustainability under Prime Minister Modi's leadership. The Minister also emphasized the success of schemes like Ujjwala, which has significantly increased LPG access. Additionally, he mentioned upcoming projects in the exploration and production sector, including plans to increase oil and gas production. A key focus was integrating green hydrogen in the refining process, with green hydrogen plants to be installed in Panipat, Mathura, and Paradeep. The commissioning of the first green hydrogen plant and the issuance of tenders for green hydrogen supply demonstrate a shift towards green initiatives. The Minister also discussed future refinery projects, such as BPCL's greenfield refineries and GAIL's ethane cracker unit for petrochemicals, indicating a positive outlook for the industry's growth and sustainability.