Union Minister Ensures Ethanol Price Stability at Bio-Energy Expo
Union Minister Hardeep Puri guaranteed ethanol price stability at the Bio-Energy Expo, highlighted India’s significant progress in ethanol blending, and praised the auto industry’s role in supporting eco-friendly fuels.
September 03, 2024. By EI News Network
Speaking on the occasion, Puri emphasised the government's commitment to maintaining price stability and offering fair rates to ethanol suppliers. This policy, he noted, has been instrumental in alleviating the financial burden on sugarcane farmers by clearing pending dues.
In his speech, Puri also highlighted the government's new initiatives aimed at enhancing energy security and reducing pollution. Talking about the two Second Generation (2G) ethanol refineries—one in Panipat, Haryana, which utilises agricultural residue (parali), and another in Nomaligarh, Assam, which processes bamboo, he said, "We have set up 2G refineries to make ethanol from parali in Panipat, and bamboo in Nomaligarh in Assam, with the twin objective of reduing pollution along with achieving enrgy security goals."
These refineries are expected to not only curb environmental pollution but also bolster India’s energy security by producing ethanol from renewable resources. Puri took the opportunity to reflect on the success of India's ethanol blending program, which has seen a remarkable increase from 1.53 percent in 2014 to 15 percent in 2024. The government has now accelerated its target for achieving 20 percent ethanol blending to 2025, a move that has already yielded substantial benefits. The program has saved approximately INR 99,014 crores in foreign exchange, reduced CO2 emissions by 519 lakh metric tonnes, and provided significant financial support to both distillers and farmers.
He also commended the automobile industry for its pivotal role in this transition, particularly through the development of retrofit kits enabling older vehicles to run on E20 fuel, a blend containing 20 percent ethanol. Puri’s remarks underscore a broader vision of integrating sustainable fuel solutions and advancing India's commitment to reducing carbon emissions and enhancing energy independence.
please contact: contact@energetica-india.net.
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