The Union Cabinet on Wednesday authorized the National Biofuel Policy-2018 with a number of amendments, main being advancing the goal of mixing 20 per cent of ethanol with petrol to 2030 from 2025-26.
The coverage was drafted to assist in assembly the goal of decreasing import dependence on fossil fuels by 10 per cent from 2014- 15 ranges by the 12 months 2022. This goal is to be achieved by adopting a five-pronged technique which incorporates, growing home manufacturing, adopting biofuels & renewable, vitality effectivity norms, enchancment in refinery processes and demand substitution.
National Biofuel Policy was first drafted in 2009 after which amended in 2018. The Cabinet has authorized the 2018 draft with additional amendments. It has allowed extra feedstocks for manufacturing of biofuels. To promote the manufacturing of biofuels within the nation, below the Make in India program, by models situated in Special Economic Zones (SEZ)/ Export Oriented Units (EoUs). It has additionally paved the best way for export of biofuels in particular instances.
The amendments have additionally referred to as for including extra members to the National Biofuel Coordination Committee (NBCC), which is chaired by the union minister of petroleum and pure fuel and has members from 14 different ministries.
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