Government has prepared a road map to reduce the import dependency in Oil & Gas sector by adopting a five pronged strategy which includes, Increasing Domestic Production, Adopting biofuels & Renewables, Energy Efficiency Norms, Improvement in Refinery Processes and Demand Substitution. This envisages a strategic role for biofuels in the Indian Energy basket. Biofuels are derived from renewable biomass resources.
This envisages a strategic role for biofuels in the Indian Energy basket. Biofuels are derived from renewable biomass resources.
The Policy aims to increase usage of biofuels in the energy and transportation sectors of the country during the coming decade. The Policy aims to utilize, develop and promote domestic feedstock and its utilization for production of biofuels thereby increasingly substitute fossil fuels while contributing to National Energy Security, Climate Change mitigation, apart from creating new employment opportunities in a sustainable way.
Simultaneously, the policy will also encourage the application of advance technologies for generation of biofuels. The field of Biofuels has been growing rapidly over last few years and new technology innovations are taking place.