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Home / Bioethanol / News INDIA: Advanced biofuel to meet over 50% of India's transport demandINDIA: Advanced biofuel to meet over 50% of India's transport demand 26/05/11 In India, transforming agricultural waste into biofuel could create up to one million jobs over the next decade, while radically improving India's energy efficiency by meeting up to 59% of the demand for transport gasoline through greener fuels by 2020, according to a new study released today. The Indian Government has already announced an ambitious target of 20% of biofuels in transport by 2017 as part of its Indian Biofuels Policy. The Bloomberg New Energy Finance study "Next-generation Ethanol: What's in it for India" commissioned by Novozymes, was presented at an event organized under the aegis of the Danish Embassy in India in cooperation with the Ministry of New and Renewable Energy. India is the world's 6th largest consumer of energy with current consumption of 17.3 billion litres per year of gasoline. Demand is expected to grow 8.5% every year till 2020. Assuming a barrel of crude oil costs USD 100, India will spend USD 19.4 billion on importing gasoline by 2020.
http://biofuelsdigest.com/asia/2011/05/26/advanced-biofuel-to-meet-over-50-of-indias-transport-demand/
Date: 30.05.2011 Comments:Leave your comment
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