The Cabinet, headed by Prime Minister Narendra Modi, at its assembly on Wednesday authorised the amendments to the National Policy on Biofuels, an official assertion mentioned.The foremost modification is for advancing the goal of mixing 20 p.c ethanol in petrol (20 p.c ethanol, 80 p.c petrol) to 2025-26 from 2030.Currently, about 10 p.c of ethanol is mixed in petrol.
Also, extra feedstocks have been allowed for the manufacturing of biofuels which could be doped with auto fuels.
It additionally offers for selling the manufacturing of biofuels within the nation, underneath the Make in India programme, by models situated in Special Economic Zones (SEZ)/ Export Oriented Units (EoUs).
These selections will assist India, which is dependent upon imports for assembly 85 per cent of its oil wants, to chop reliance on abroad shipments.
The Cabinet additionally authorised granting “permission for export of biofuels in specific cases,” the assertion mentioned.
The amendments may also appeal to and foster developments of indigenous applied sciences which can pave the way in which for the Make in India drive and thereby generate extra employment.
The current National Policy on Biofuels got here up in 2018.”This modification proposal will pave the way in which for the Make in India drive thereby resulting in a discount in import of petroleum merchandise by the era of increasingly more biofuels.
“Since many more feedstocks are being allowed for the production of biofuels, this will promote the Atmanirbhar Bharat and give an impetus to Prime Minister’s vision of India becoming ‘energy independent’ by 2047,” the assertion added.
Source: www.financialexpress.com”