“Conversion of knowledge to wealth and conversion from waste to wealth is the future of India. Economic viability should be the basis for innovation. Application of technology, research, knowledge, and entrepreneurship is paramount for sustainable innovations.
India’s nascent biofuel industry has the potential to develop into a flourishing Rs 1 lakh crore market in the coming years, Oil Minister Dharmendra Pradhan today said.
A biofuel refinery, the first of its kind in India, set up at the Numaligarh Refinery (NRL) in Assam, will soon process biofuel from bamboo, abundantly found in Arunachal Pradesh, Petroleum and Natural Gas Minister Dharmendra Pradhan said recently.
Researchers at IIT Kharagpur have developed a new technology which will change the way biofuel is manufactured by making the process cheaper, quicker and pollution-free.