New National Policy on Bio-fuels will provide complete off-take guarantee: Dharmendra Pradhan

New National Policy on Bio-fuels will provide complete off-take guarantee: Dharmendra Pradhan
25/11/2017 , by , in ALLIED

New National Policy on Bio-fuels will provide complete off-take guarantee to the producers, said union petroleum minister Dharmendra Pradhan. He also said that the oil companies will achieve a higher blending percentage of ethanol in 2017-18 due to higher production of molasses, Economic Times reported.

He was speaking at the conference on ‘Ethanol as Transport Fuel’ organised at the Central Institute of Road Transport (CIRT), Pune. Explaining the reasons for increasing use of bio-fuels, union road transport minister Nitin Gadkari said, “The annual import bill of crude oil is seven lakh crore, which is a problem for the economy. Pollution in cities like Delhi is a cause of concern. There is crisis in agriculture sector as pulses, oilseeds are not getting even the minimum support price. For agriculture to be sustainable, farmers need to get good price. Promotion of bio-fuels will also help to increase employment in rural areas.”

Gadkari said that TVS Motor Company is in the processing of making flex fuel two wheeler, which will also be able to run on 100% ethanol. “Even if all the employees of sugar mills use these vehicles, they will be able to save a lot of money on petrol,” he said.

Minister Dharmendhra Pradhan agreed to the demand of the bio-fuel based industry to collaborate his ministry in setting up a Centre of Excellence on Alternative Green Fuel at IIT Bombay. He said that Pune will become the hub of the bio-fuel energy industry of the country as research and development in this sector is centered in this region.

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