New Policy Soon On Biofuels With Rs 1 Lakh Cr Potential: Pradhan


New Policy Soon On Biofuels With Rs 1 Lakh Cr Potential: Pradhan

In a major move on sustainable development, the government is to soon bring out a National Biofuels Policy for a sector poised to become an economy worth Rs 1 lakh crore, Petroleum Minister Dharmendra Pradhan said on Wednesday.

The policy would detail the architecture for India to make the move towards adopting second generation, or advanced, biofuels in the future, from the current first generation ones being used, which are essentially sugar-based, Pradhan said addressing the first EU-India Conference on Advanced Biofuels here.

“We will shortly have a new national policy on biofuels, the note for which is to be placed before the cabinet soon,” he said.

“The policy will go beyond biofuels based on sugar and see what other kinds of feedstock can be used like cellulosic and lignocellulosic materials. There is a Rs 1 lakh crore opportunity available in this waste-to-wealth economy.” Read More…

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