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Event Overview

Volatile oil prices and the uncertainty about sustained oil supplies have led India to search for alternatives, particularly for substituting petroleum products, to promote energy security. The “National Biofuel Policy” formulated by the Ministry of new and Renewable Energy (MNRE), foresees biofuels as a potential means to stimulate rural development and generate employment opportunities. It also envisages the establishment of a National Biofuels Development Board (NBDB) xto develop a roadmap for the use of biofuels in petrol and diesel engines in a timely manner, in addition to taking appropriate policy measures. The national indicative target of 5% blending by 2012, 10% by 2017, and 20% after 2017 has been recommended in the policy.

India’s biofuel production currently accounts for only 1% of global production. India has 330 distilleries, which can produce more than 4 billion liters of rectified spirit (alcohol) per year in addition to 1.5 billion liters of fuel ethanol. Of this total, approximately 140 distilleries have the capacity to distil approximately 2 billion liters of conventional ethanol per year and could meet the demand for 5% blending with gasoline. Approximately, 20 biodiesel plants annually produce 140-300 million liters of biodiesel.

The ministry of petroleum and natural gas trying to bring down the import of crude oil by betting big on biofuels as a substitute, the bioethanol industry is expected to see investments worth about 30,000 crores in the next three to four years in 28 second generation bioethanol plants out of which 16 will be in the private sector and 12 in the public sector. This will help in increasing ethanol blending from 4.3% now to 8-10% in 2020-21.

According to the ministry of petroleum estimates, the biofuel business in India is expected to reach 50,000 crores by 2022, which is 6,000 crores as of now. With a target of five 5% biodiesel blending by 2022, the industry is likely to have a demand of 6.75 billion litres with a business size of around 27,000 crores. On the other hand, for 10% ethanol blending, the requirement is likely to be 4.5 billion litres with a business size of 23,000 crore. India has an installed capacity of 1.2 million tonnes of biodiesel. To promote investment in the sector, the government is planning viability gap funding, pump in money to support supply chains, and provide 15-20 years of offtake guarantees to the companies setting up biofuel plants.

Biofuels have the potential to grow and emerge as an alternate source of energy in near future. However there exist some challenges and breakthroughs which still needs more attention from government and industries including private players. With these issues and anticipated growth of Bio fuels as an alternate source of energy, we are coming up with the conference on “Biofuels- A promising alternative for Indian Energy Requirements”

Latest Happenings

  • Total investments set to come in bio-ethanol industry in the next three-four years: Rs 30,000 crore
  • Total 28 plants are likely to come up, 16 will be from the private sector and another 12 from the public sector.
  • State-run companies like HPCL will set up four units, IOCL and BPCL another three units each, while MRPL and Numaligarh refinery will set up one unit each.
  • High Goods and Services Tax (GST) rate on Biodiesel will be the "final nail" in the coffin for the sunrise and green sector which is already reeling under the pressure of high, complex and varied taxation policies of the states and lack of clarity on the policy front, has made it even more vulnerable for the industry players
  • First generation biofuels originate from starches, sugars, fats and oils with various biological sources, but they are not always suitable for use as a drop-in fuel and are usually modified to make them compatible with modern engines.
  • According to IPCC, biofuels have a large potential to reduce GHG emissions in the transportation sector.
  • The “National Biofuel Policy” formulated by the Ministry of new and Renewable Energy (MNRE), foresees biofuels as a potential means to stimulate rural development and generate employment opportunities and aspires to reap environmental and economic benefits arising out of their large-scale use.
  • The national indicative target of 5% blending by 2012, 10% by 2017, and 20% after 2017 has been recommended in the policy.
  • Large-scale blending of biodiesel with conventional diesel has not yet begun in India. Approximately, 20 biodiesel plants annually produce 140-300 million liters of biodiesel, which is mostly utilized by the informal sector locally for irrigation and electricity generation and by the automobile and transportation companies to run their experimental projects.

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Key Highlights

  • How Biofuels and Bioenergy contribute to Indian Economy
  • Emerging needs of Energy and Energy technologies
  • Navigating the Biofuel Climate with Indian Oil scenario
  • Renewable, Alternate energy vs Conventional Energy
  • Urbanization, Smart cities and concept of utilizing Waste to energy
  • Feedstock and Pricing dynamics of Biofuels
  • Bankability factor: Investors and Incentives
  • Future perspective of Biofuels in India
  • How Biofuels can penetrate Indian Energy mix in coming future

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