Page 2 - Biofuel

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

Gas to biofuels: India's demand sets agenda for global energy business

Country commits to increasing LNG imports as it separately invests in clean energy

India considers curbing ethanol production to tackle sugar shortages

Authorities are studying a proposal to restrict the use of sugar-cane juice to produce biofuel for the current season, according to people familiar with the matter

BIS developed 9 standards for biofuels, working on paraffinic green diesel

Bureau of Indian Standards (BIS) on Monday said it has developed as many as nine standards on biofuels, and is in the process of developing a standard on paraffinic (green) diesel. BIS Director General Pramod Kumar Tiwari said, these standards will significantly complement the objectives of Global Biofuel Alliance (GBA), the multilateral forum announced by Prime Minister Narendra Modi during the G20 leaders' summit held recently in the national capital. "We are committed to support this path breaking initiative of the government through development of relevant Indian Standards and necessary quality parameters/performance specifications," he said in a statement. He said development of standard on paraffinic (green) diesel, that is derived from second generation (2G) feedstock, is also under progress. BIS is a national standards body of India that works under the aegis of the Food and Consumer Affairs Ministry. According to the BIS, the USA, Brazil, and India are the major producers

TMS Ep525: Women in economy, biofuel push, PSU stocks, Five Eyes alliance

Why don't Indian women have a fair share in the economy? Are Indian OEMs shying away from the biofuel push? Can the rally in PSU stocks run out of steam? What is the Five Eyes alliance? Answers here

Hurdles in biofuel use: Few vehicles, weak ethanol-blended petrol rollout

Last week, Union Ministers had called for quick adoption of biofuels in the transportation sector

Global Biofuel Alliance can turn India into export hub for SAF: Puri

India has enough feedstock, 1 percent blend will benefit 5 lakh farmers, Union Minister Hardeep Singh Puri told Business Standard

Global Biofuel Alliance a key step under India's leadership: President

President Droupadi Murmu on Wednesday said the Global Biofuel Alliance launched during the recently concluded G20 summit is an important step taken under India's leadership after the International Solar Alliance, noting that new and renewable sources will help in making the country self-reliant in the energy sector. Murmu was addressing the Gujarat assembly here after inaugurating its National e-Vidhan Application (NeVA) project. She said the entire world is experiencing the negative effects of climate change and global warming, mainly caused by the use of fossil fuels. "To tackle this situation, G20 nations under India's presidency have agreed to reduce the emission of greenhouse gases by 43 per cent by 2030. This resolution by G20 nations is significant because the contribution of G20 nations in the total emission is nearly 80 per cent," Murmu said. "Use of fossil fuels plays a key role in polluting the environment. That is the reason why we should promote new and renewable energ

G20 Summit: Global Biofuels Alliance to act as a counter to Opec, says Puri

Acting as a counter to the OPEC grouping on biofuels, the GBA will help in advancing interests of large fossil fuel importers like India, the minister said

Sustainable growth: Voice of India in the G20 New Delhi Summit 2023

Rooted in India's call for sustainable growth, many initiatives call for environmental sustainability

Global Biofuel Alliance, UK-Middle-East economic corridor launched at G20

GBA becomes the third multilateral initiative launched by the Central government

G20 Summit: Global Biofuel Alliance & other initiatives launched by India

Global Biofuel Alliance, G20 Satellite Mission for Environment and Climate Observation, and Green Credit Initiative among initiatives launched under India's G20 Summit presidency

G20 Summit 2023: What is the Global Biofuel Alliance launched today?

The main aim of GBA is to accelerate the transition to sustainable biofuels and reduce the world's dependence on traditional fossil fuels

G20: Global Biofuels Alliance to be launched to boost energy transition

India's proposal for setting up a Global Biofuels Alliance is likely to get through at the G20 summit with sources indicating that the new grouping may be launched on Saturday to help accelerate energy transition. A group photo of the G20 world leaders may take place on the first day of the summit on Saturday after it begins at Bharat Mandapam, the venue for the two-day summit, sources said. The Global Biofuels Alliance, which the world's third biggest oil consumer wants to push during its G20 presidency, mirrors the International Solar Alliance (ISA) piloted by New Delhi and Paris in 2015 to bring clean and affordable solar energy within the reach of all. Earlier this month, Prime Minister Narendra Modi told PTI in an exclusive interview that India's proposal for a global alliance on biofuels among members of the Group of 20 major economies will help accelerate sustainable biofuels deployment in support of the global energy transition. "Such alliances are aimed at creating options