20% ethanol blending in petrol can create economic activity of Rs 1 lakh crore: Petroleum Secretary
Synopsis
Currently, the petrol sold in the country has above 5 per cent of ethanol, a bio-fuel extracted from various locally available sources.
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Mumbai: Blending 20 per cent ethanol with petrol can help create economic activity of over Rs 1 lakh crore every year in the country and save precious foreign exchange, Union Petroleum Secretary Tarun Kapoor said on Monday. Currently, the petrol sold in the country has above 5 per cent of ethanol, a bio-fuel extracted from various locally available sources.
"We have done a calculation and we see that with the current programmes we have, which means that 20 per cent ethanol blending in petrol and the 5,000 compressed biogas plants which we want to set up, we could have an economic activity worth Rs 1 lakh crore every year," Kapoor said.