More

    Over 9,300 Retail Outlets Selling Ethanol Blended Petrol, says Minister

    CSRClean techOver 9,300 Retail Outlets Selling Ethanol Blended Petrol, says...
    - Advertisment -

    Over 9,300 Retail Outlets Selling Ethanol Blended Petrol, says Minister

    Petroleum Minister Hardeep Singh Puri said on Wednesday that India is taking global leadership role in Biofuels supply chain with the successful launch of Global Biofuels Alliance.

    Elaborating on the growth-energy correlation in Indian context, Hardeep Singh Puri, Minister for Petroleum and Natural Gas said on Wednesday that the growth-energy correlation is evident in India as it is now the world’s third largest energy consumer, third largest consumer of oil, the third largest LPG consumer, the fourth largest LNG importer, fourth largest refiner and the fourth largest automobile market in the world.

    Puri talked about the steps taken by Government to augment India’s Exploration and Production (E&P) sector while interacting with the media. He said that the “No Go” areas in EEZ have been reduced by almost 99 per cent and 10 Lakh sq km area is now free in EEZ for E&P Activity.

    The minister stressed that ethanol blending during ESY 2022-23 has saved approximately 509 crore litres of petrol resulting in savings of more than Rs. 24,300 crore of foreign exchange and expeditious payment of about Rs.19,300 crore to farmers including net CO2 reduction of 108 lakh metric tonnes.

    The number of retail outlets retailing E20 is now more than 9300 and will cover the entire country by 2025, said the Petroleum Minister.

    - Advertisement -

    E20 (20 per cent ethanol blended) petrol is a mixture of 20 per cent anhydrous ethanol with 80 per cent motor gasoline fuel volume by volume. Government is promoting biofuels with the broader objectives of reducing import dependency, generating employment, providing better remuneration to farmers, for associated environmental benefits, promoting better waste management practices, etc. Public Sector Oil Marketing Companies (OMCs) started selling E20 petrol from 6th February 2023 and E20 fuel is currently sold at more than 1900 retail outlets across the country.

    He said that India has taken global leadership role in Biofuels supply chain with the successful launch of Global Biofuels Alliance (GBA) in September 2023. “India has been successful to promote GBA as a pivotal path in the sustainability journey at COP 28 held in December 2023. GBA is also an important part of India’s agenda in WEF that is scheduled in Jan’2024”, he said.

    The minister said that the government has taken many steps to increase share of natural gas from present 6.3 per cent to 15 per cent in primary energy mix with an investment of $67 billion in natural gas infrastructure over the coming five to six years. This will translate into increase in the gas consumption by over three-fold by the year 2030.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    Toxic Air Threatens Children’s Lives Across East Asia and the Pacific, UNICEF Warns

    Nearly half of PM2.5 pollution in the worst-affected countries comes from the burning of fossil fuels, biomass, and agricultural waste – also major contributors to climate change. As extreme weather events worsen due to climate change, air pollution is expected to become an even greater threat, UNICEF warned.

    Imperialism (Still) Rules

    The 1910s and 1920s debates between the Second and Third Internationals of Social Democrats and allied movements in Europe and beyond involved contrasting positions on WW1 and imperialism.

    World-Class Education Key to Making India a Developed Nation by 2047: NITI Aayog

    The report is based on extensive discussions with state government officials from over 20 states and union territories, vice-chancellors and senior academics from 50 SPUs, and chairpersons of several state higher education councils.

    Google’s Willingness to Develop AI for Weapons Raises Concerns: Human Rights Watch

    Google’s revised Artificial Intelligence (AI) policy signals a worrying shift in the company’s stance on the development of AI for military applications, Human Rights Watch (HRW) has warned.
    - Advertisement -

    In the Lok Sabha: Government Committed to Addressing Climate Change, Says Minister

    The Ministry of Environment, Forest & Climate Change (MoEFCC) has launched several schemes targeting pollution control, afforestation, biodiversity conservation, and sustainable resource management.

    Closing in on an End to Plastic Pollution

    We need to think innovatively regarding chemicals of concern, taking inspiration from existing agreements that protect us from harmful chemicals.

    Must read

    Toxic Air Threatens Children’s Lives Across East Asia and the Pacific, UNICEF Warns

    Nearly half of PM2.5 pollution in the worst-affected countries comes from the burning of fossil fuels, biomass, and agricultural waste – also major contributors to climate change. As extreme weather events worsen due to climate change, air pollution is expected to become an even greater threat, UNICEF warned.

    Imperialism (Still) Rules

    The 1910s and 1920s debates between the Second and Third Internationals of Social Democrats and allied movements in Europe and beyond involved contrasting positions on WW1 and imperialism.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you