Promonique
Promonique
TCI
TCI
EPR Subscription Banner
EPR Subscription Banner
Home » News » Through biofuel blending country save ₹ 91,000 crore on import bill

Through biofuel blending country save ₹ 91,000 crore on import bill 

By EPR Magazine Editorial November 26, 2024 1:37 pm

Through biofuel blending country save ₹ 91,000 crore on import bill 
.

Petroleum Minister Hardeep Singh Puri inaugurated 3-day Energy Technology Meet 
India to achieve net carbon zero emission target by 2070
.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said through biofuel blending,the country could save  91,000 crore rupees on the import bill and this money could be utilized for the benefit of the agricultural sector.Inaugurating the 27th Energy Technology Summit in Bengaluru today, he said India has achieved the second position in biofuel blending globally.He expressed confidence that India will achieve the target of 20 percent biofuel blending by next year,much ahead of  schedule.

As our refineries takes to green energy,the country will succeed in the goal towards green  hydrogen,the Minister said.The Minister said India’s energy demand will grow by two and a half times by 2047. 

Advertising

EPR Android App Banner

Speaking at the event Puri highlighted India’s remarkable progress in the refining sector, which has transformed from a position of deficit in 2001 to becoming a global refining hub and net exporter of high-quality petroleum products. “India has witnessed a spectacular growth in the refining sector over the years,” said Puri. “From a deficit scenario in 2001, the country achieved self-sufficiency in refining, and today, India is a major exporter of quality petroleum products.” He added that India has become the fourth-largest refining nation worldwide, with a capacity of 256.8 Million Metric Tonnes Per Annum (MMTPA), following the United States, China, and Russia. He further noted that, in line with India’s strategic energy goals, efforts are underway to expand the refining capacity to 310 MMTPA by 2030.

He said the country will have to double the efforts to achieve the net carbon zero emission target by 2070. Energy security,sustainability and technology innovation should go hand-in-hand to achieve the targets in the energy sector,the Minister said. The three-day Energy Technology Meet has been organized by the Centre for High Technology and Indian Oil Corporation Limited.1200 participants are attending the Meet,in which 60 papers will be presented.

23 Exhibitors will be showcasing their latest technologies. The Minister distributed the best energy efficient technology awards instituted by the Petroleum and Natural Gas Ministry for the year 2023-24.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Android App
Android App
EPR EMagazine November 2024
eMagazine November 2024
eMagazine November 2024

Events

Global Sustainability Expo & Conference
Global Sustainability Expo & Conference
Elecxpo
Elecxpo
India Smart Utility Week
India Smart Utility Week
RenewX
RenewX

Our Sponsors

CPRI
CPRI
Wika
Wika
Mahindra Powerol
Mahindra Powerol
NangalaWala
NangalaWala
Ramelex
Ramelex
Ambionics India
Ambionics India
Vasundhara Earthing
Vasundhara Earthing
Voltaredox
Voltaredox
Jayashree
Jayashree
Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Om Technical Solutions
Om Technical Solutions
Akansha
Akansha
NBC Bearings
NBC Bearings
Harting
Harting
Doble Engineering
Doble Engineering
Kusam Meco
Kusam Meco
Nirmal
Nirmal
Apar Industries
Apar Industries
Aramco Asia
Aramco Asia
Fluke
Fluke
Emka India Panel Accessories
Emka India Panel Accessories
KEI Industries Limited
KEI Industries Limited
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Godrej Boyce
Godrej Boyce
Icon Solar-En Power
Icon Solar-En Power
ZIEHL ABEGG
ZIEHL ABEGG
Novasys
Novasys
Ramanuj Industries
Ramanuj Industries
Testo India
Testo India
Paras Wires
Paras Wires
Dirak India
Dirak India
Fronius India
Fronius India
Gloster Cables Limited
Gloster Cables Limited
K-Lite Industries
K-Lite Industries
Newtech Switchgear
Newtech Switchgear
Rectifiers & Electronics
Rectifiers & Electronics
Elev8 Lift
Elev8 Lift
Power trac Group
Power trac Group
flir system
flir system
Omicron
Omicron
Dhash
Dhash
CAT
CAT
Electrical Research Development Association
Electrical Research Development Association
Schneider Electric
Schneider Electric
Triveni Turbine ltd
Triveni Turbine ltd
Kirloskar Pumps
Kirloskar Pumps
Polycab
Polycab
Electrotherment
Electrotherment
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Powerica LTD
Powerica LTD