The Union Cabinet on Wednesday permitted advancing the goal of mixing 20 per cent ethanol in petrol by 5 years to 2025-26 in addition to permitting extra feedstocks for the manufacturing of biofuels in a bid to chop reliance on imported oil for assembly the nation’s vitality wants .
The Cabinet, headed by Prime Minister Narendra Modi, at its assembly on Wednesday permitted the amendments to the National Policy on Biofuels, an official assertion stated.
The important modification is for advancing the goal of mixing 20 per cent ethanol in petrol (20 per cent ethanol, 80 per cent petrol) to 2025-26 from 2030.
Currently, about 10 per cent 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, below the Make in India programme, by models situated in Special Economic Zones (SEZ)/ Export Oriented Units (EoUs).
These choices 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 permitted granting “permission for export of biofuels in specific cases,” the assertion stated.
The amendments may even entice and foster developments of indigenous applied sciences which can pave the best way 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 best way for the Make in India drive thereby resulting in a discount in import of petroleum merchandise by the era of increasingly biofuels.
“Since many extra feedstocks are being allowed for the manufacturing of biofuels, this may promote the Atmanirbhar Bharat and provides an impetus to the Prime Minister’s imaginative and prescient of India turning into ‘vitality unbiased’ by 2047,” the assertion added.
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With inputs from TheIndianEXPRESS
