AgenciesMinister of Petroleum and Natural Gas Hardeep Singh Puri on Thursday said that ethanol blending in petrol rose to 10.17 per cent in July 2022 from 1.53 per cent in 2013-14,
Setting up 2G refineries to make ethanol from the paddy stubble in Panipat and bamboo in Numaligarh with the twin objective of reducing pollution along with achieving energy security goals is another milestone in this direction, the minister said at the '11th CII Bio-Energy Summit' in the national capital.
"India has increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022," an official statement quoted Puri as saying.
Talking about the Green Hydrogen Policy, Puri said with this revolutionary shift India is set to become a global hub for green hydrogen and green ammonia production and help save Rs 1 lakh crore of cumulative fossil fuel imports by 2030.
Last week, the Union Cabinet approved provisions of National Green Hydrogen Mission. The government has sanctioned Rs 19,744 crore for implementation of the project.
Under this mission, the government aims to raise annual green hydrogen production to 5 million tonnes, renewable energy capacity addition of about 125 gigawatts, attract over Rs 8 lakh crore in investments, lakhs of jobs, and most importantly over Rs 1 lakh crore cumulative reduction of fossil fuel imports.
The mission is expected to help in reducing greenhouse gas emissions by nearly 50 million tonnes.
The Minister further said that India is undertaking an ambitious journey of energy transition to achieve net carbon zero by 2070. "Our OMCs (oil marketing companies) have come out with their respective net zero targets - IOCL by 2046, BPCL and HPCL by 2040 which also means that OMCs are gearing up for the change in energy source and use, going forward."
(With inputs from PTI)
Setting up 2G refineries to make ethanol from the paddy stubble in Panipat and bamboo in Numaligarh with the twin objective of reducing pollution along with achieving energy security goals is another milestone in this direction, the minister said at the '11th CII Bio-Energy Summit' in the national capital.
"India has increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022," an official statement quoted Puri as saying.
Talking about the Green Hydrogen Policy, Puri said with this revolutionary shift India is set to become a global hub for green hydrogen and green ammonia production and help save Rs 1 lakh crore of cumulative fossil fuel imports by 2030.
Last week, the Union Cabinet approved provisions of National Green Hydrogen Mission. The government has sanctioned Rs 19,744 crore for implementation of the project.
Under this mission, the government aims to raise annual green hydrogen production to 5 million tonnes, renewable energy capacity addition of about 125 gigawatts, attract over Rs 8 lakh crore in investments, lakhs of jobs, and most importantly over Rs 1 lakh crore cumulative reduction of fossil fuel imports.
The mission is expected to help in reducing greenhouse gas emissions by nearly 50 million tonnes.
The Minister further said that India is undertaking an ambitious journey of energy transition to achieve net carbon zero by 2070. "Our OMCs (oil marketing companies) have come out with their respective net zero targets - IOCL by 2046, BPCL and HPCL by 2040 which also means that OMCs are gearing up for the change in energy source and use, going forward."
(With inputs from PTI)
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