Biofuel

Mitsubishi Corp buys stake in India's KIS Group, debuts into biogas segment

KIS Group aims to invest $1 billion across renewable gas and biofuel solutions in Southeast Asia and India by 2030

E20 petrol is safe but can lower mileage, acceleration: Mahindra Auto CEO

Transport minister Nitin Gadkari, however, on Wednesday said that concerns about E20 are being fuelled by the petroleum lobby

Japan to fund $400 million bamboo biofuel refinery project in India

Japan Bank for International Cooperation and private banks to invest around $408 million in bamboo-to-biofuel refinery in Assam, marking Japan's largest clean energy investment in northeast India

Turning used cooking oil into diesel blending feedstock remains a challenge

India's biodiesel blending rate was at a mere 0.60 per cent in FY25, against a target of 5 per cent by 2030, largely because of limited investments and challenges in collection of used cooking oil

Bioenergy can cover 50% of fossil fuel consumption in 5 years: Gadkari

Bioenergy can cover 50 per cent of India's fossil fuel consumption in five years, Union Minister Nitin Gadkari said on Monday while urging the automobile industry to undertake research and development on alternative fuels. Air pollution has become a big problem because of fossil fuel, the Minister for Road, Transport and Highways said at the 'Bhoomipujan programme' of the Indian School for Design of Automobiles. The transport sector is responsible for 40 per cent of air pollution in the country because of fossil fuel, the minister pointed out. A lot of research and innovation is going on in fuel and automobile engineering. "We need to protect our ecology and environment, and fulfil the dream of the Prime Minister (Narendra Modi) to make India a carbon-neutral country," Gadkari said. Bioenergy can cover 50 per cent of India's fossil fuel consumption in five years which is very important because Rs 22 lakh crore is being spent on import of the fossil fuel, Gadkari said. The country

What is bioeconomy and how it grew from $10b to $165b in just a decade

The number of businesses engaged in the bioeconomy has surged by nearly 90 per cent in just three years, increasing from 5,365 in 2021 to 10,075 in 2024

Honeywell to decarbonise shipping and aviation businesses in India

Company exploring ways to increase production of sustainable jet fuel

MP investors' summit: NTPC, Dabur, Reliance & others pledge investments

Prime Minister Narendra Modi, who inaugurated the summit, said Madhya Pradesh is becoming a preferred business destination while adding that this is the right time to invest in the state

Ethanol 2.0 policies key for India to match Brazil as a biofuel superpower

Ethanol Blended Petrol (EBP) programme 2.0 is essential because the International Energy Agency forecasts India to be the biggest contributor to global oil demand in the years ahead

REI Expo saw Rs 1,850 cr investments committed for biogas sector: IBA

Investments worth Rs 1,850 crore have been committed in the biogas sector during the Renewable Energy India (REI) Expo 2024, held from October 3-5 in Greater Noida, a top official of Indian Biogas Association (IBA) said. "The IBA has secured anticipated investment commitments totaling Rs 1,850 crore through joint ventures (JVs), MoUs, and letters of intent (LoIs) at the recently concluded Renewable Energy India (REI) Expo 2024, held from October 3 to 5 in Greater Noida," IBA Chairman Gaurav Kedia told PTI. Kedia said a total of 47 exhibitors representing 10 biogas producing nations took part in the REI Expo. These investments, set to be realised over 2-3 years, reflect strong international interest, particularly from countries such as Germany, Sweden, and the UK, he said. "We have signed MoUs (memorandum of understanding) worth over Rs 900 crore for joint ventures and received almost 50 LoIs (letter of intends) for establishing compressed biogas plants in India," Kedia said. Found

Turning leftovers into mileage: How potatoes could soon power your vehicle

The Central Potato Research Institute is expected to start a plant to convert potato waste into ethanol by targeting peels and the starch from potato washing water as key components for conversion

Bio-E3 policy to usher in bio-revolution in India: Jitendra Singh

The government's Bio-E3 policy marks a crucial step in positioning India as a global bio-economy leader and is set to spark a "bio-revolution" in India similar to the IT revolution in the western world, Union minister Jitendra Singh said on Thursday. The BioE3 policy was formally launched last month and aims to facilitate sustainable and efficient utilisation of biological resources for innovation, scaling-up and bio-manufacturing of specialty chemicals, enzymes, bio-polymers, functional foods, smart proteins, veterinary products, precision bio-therapeutics and services. Speaking at the Global Bio-India Summit 2024, Singh said the policy marks a crucial step in positioning India as a global bio-economy leader. The Minister of State (Independent Charge) for Science and Technology also highlighted the importance of the Global Biotech platform, which brings together a diverse range of stakeholders, including start ups, SMEs, large industries, research institutes, and international ...

Shubhshree Biofuels Energy IPO subscribed 120 times on final day of bidding

The initial public offer of Shubhshree Biofuels Energy got subscribed by a whopping 119.37 times on the last day of subscription on Wednesday. The public offer of Shubhshree Biofuels Energy received bids for 11,91,82,800 shares against 9,98,400 shares on offer, according to the NSE data. The initial public offering (IPO) of Shubhshree Biofuels Energy is entirely a fresh issue of 13.92 lakh shares. The company had fixed a price band at Rs 113-119 a share. The company intends to utilise the proceeds of IPO to fund the capital expenditure towards the installation of additional plant and machinery, to meet the working capital requirements, and general corporate purpose. Established in 2013, Jaipur-based Shubhshree Biofuels Energy supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors. Meanwhile, the Rs 45.88-crore IPO of Aditya Ultra Steel subscribed 10.22 times on the f

Goa CM calls for use of biofuels to create future with clean energy

Goa Chief Minister Pramod Sawant on Saturday advocated using biofuels to create a future with clean, accessible and sustainable energy. World Biofuel Day is observed on August 10 to create awareness about biofuels made from agricultural waste, animal waste, algae, trees, crops, etc, which are a cleaner alternative to fossil fuels. In a post on 'X', Sawant said, "Biofuels, made from organic matter, offer a cleaner, greener alternative to fossil fuels, reducing greenhouse gas emission and mitigating climate change." "On this #WorldBioFuelDay, let us pledge to harness the potential of biofuels to create a future with clean, accessible and sustainable energy for all," he wrote.

Govt to allow 35% bio-bitumen mixing, saving Rs 10,000 cr in forex outflows

Union Road Transport Minister Nitin Gadkari on Wednesday said the government will allow mixing of lignin up to 35 per cent in petroleum-based bitumen, a large part of which is imported from other countries. Bitumen is a black substance produced through the distillation of crude oil and is widely used for making roads and roofs. "We have the largest road network in the world. 90 per cent of roads are using bituminous layers. Bitumen consumption in 2023-24 was 88 lakh tonnes. In 2024-25 it is expected to be 100 lakh tonnes. 50 per cent of the bitumen is imported. And annual import cost is Rs 25,000-30,000 crore," Gadkari said while replying to questions in Rajya Sabha. The minister said the farmers are now not only producing foodgrains but they have become energy producers. Central Road Research Institute (CRRI) and the Indian Institute of Petroleum, Dehradun, had developed bio-bitumen from paddy straw. The minister expressed concern that there is a problem of air pollution in Delhi

Shell to pause construction work at Dutch biofuels project as market sags

It is rare for companies to suspend development of projects underway. Rival BP last week said it is pausing two biofuel projects in Germany and the United States

Godavari Biorefineries files IPO, aims to raise Rs 325 cr via fresh issue

Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Saturday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed initial share-sale is a combination of fresh issue of equity shares worth Rs 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares by promoters and an investor according to the draft red herring prospectus (DRHP). Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route. Proceeds from the fresh issue to the tune of Rs 240 crore will be used for debt payment and the remaining amount for general corporate purposes. The Maharashtra-based Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India. The company's diversified product portfolio comprises bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, ...

Chinese biofuel firms invest in 'green' jet fuel, eye new blending rule

The world's second-largest aviation market, with about 11 per cent of global jet fuel use, China is expected to unveil this year its policy on sustainable aviation fuel (SAF) use for 2030

TruAlt Bioenergy to expand capacity, invest Rs 600 cr for setting up plants

TruAlt Bioenergy, which is among the largest biofuel players, is planning to expand its capacity by 2.7 lakh litres per day by next fiscal and will invest around Rs 600 crore to set up more plants. The Bengaluru-based company is also expecting around 30 per cent revenue growth this fiscal year. TruAlt is primarily into biofuels such as 1G ethanol, 2G ethanol, compressed biogas, sustainable aviation fuel, fermented organic manure, and green hydrogen. It operates five 1G ethanol units with a capacity of 2 million litres per day, making it the country's largest ethanol producer while its compressed biogas capacity is 10 tonne per day. "We are planning to augment our biofuel capacity by 2.7 lakh tonne per day. We will set up 10 more plants, taking our total to 15 and we envisage around Rs 600 crore investment towards this and these plants will come up in Bijapur in Karnataka and Pune and should be commissioned next fiscal," Vijay Nirani, founder and managing director of TruAlt, told ..

Seychelles to work with India on joint biofuels project, says minister

While Seychelles joined the India-led Global Biofuel Alliance last year, it has yet to begin using the alternative fuel