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.
Business Standard has all the time strived exhausting to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on learn how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to maintaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical points of relevance.
We, nonetheless, have a request.
As we battle the financial impression of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from many of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your help by way of extra subscriptions may help us practise the journalism to which we’re dedicated.
Support high quality journalism and subscribe to Business Standard.
Leave a Reply