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.
Getty Images
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.
“We plan to have a transport system operator (TSO) in place, which will manage the common carrier part of the entire gas pipeline system in the country,” Petroleum Secretary Tarun Kapoor told.
Compressed bio-gas: Govt to ‘handhold’ first 100 plants
Petroleum Minister Dharmendra Pradhan had said in November that India was set to receive investments of Rs 2 lakh crore in 5,000 CBG plants. December 24, 2020 3:05:26 am
Petroleum Minister Dharmendra Pradhan had said in November that India was set to receive investments of Rs 2 lakh crore in 5,000 CBG plants.
The government is going to handhold and support investors setting up compressed bio-gas (CBG) plants and ensure that CBG is marketed, Petroleum Secretary Tarun Kapoor said Wednesday.
He added that state governments were also coming forward and would help investors in making sure that land and feedstock for CBG plants would be available.
Updated: December 14, 2020, 02:26 PM IST
In a move that can be a potential game-changer in the petroleum fuel retail market in India, IndianOil has launched world-class premium grade Petrol (100 Octane) in the country today. Branded as
XP100, the premium grade petrol was launched across ten cities by
Mr. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, in the virtual presence of
Mr. Tarun Kapoor, Secretary, MoP&NG;
Mr. Shrikant Madhav Vaidya, Chairman,
Dr. SSV Ramakumar, Director (R&D); IndianOil,
Mr. Gurmeet Singh, Director (Marketing), IndianOil, and other senior officials.
Complimenting IndianOil on this suave market move, Mr. Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, said, With this fuel, India has joined the league of select countries worldwide where petrol with 100 or higher Octane number is sold. Launch of world-class products such as XP100 prov
ಇವಿಸಿಎಸ್ ಸೌಲಭ್ಯ ಉದ್ಘಾಟನೆ prajavani.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prajavani.net Daily Mail and Mail on Sunday newspapers.