Back to Career News

National Biofuel Policy Gets Green Signal by Cabinet

May 23, 2018

National Biofuel Policy Gets Green Signal by Cabinet

This Tuesday, the union cabinet approved the National Policy on Biofuels which will slash oil imports by Rs 4,000 by the end of the year alone.

The new policy allows doping of ethanol created from spoiled potatoes, sugar beet, corn, etc. with petrol. Previously, only sugarcane-based ethanol was allowed to be added to petrol.

As per the policy, biofuels are categorized as First Generation (1G) which produce bio-diesel from non-edible oilseeds, and bio-ethanol from molasses. Similarly, municipal solid waste can be used to produce Second Generation (2G) ethanol, and bio-CNG is categorized as Third Generation (3G).

The official statement said that mixing 1 crore litre of bio-ethanol in petrol will save Rs. 28 crores on oil imports. It also said that it will lead to reduced carbon emissions by as much as 30 lakh tons.

Recommended for you ...

Bombay High Court Rules Against Public Sector Banks' Authority to Issue Look Out Circulars
Bombay High Court Rules Against Public Sector Banks' Authority to Issue Look Out Circulars

April 24, 2024

U.S. Regulators Investigate Banks Over Whistleblower Rights
U.S. Regulators Investigate Banks Over Whistleblower Rights

April 24, 2024

India Leads Call for Reforms in Global Development Banks, Collaborates with UN and BRICS
India Leads Call for Reforms in Global Development Banks, Collaborates with UN and BRICS

April 24, 2024

Chat on WhatsApp