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National Policy on Biofuels
May 19 , 2018
2256 days
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- The Union Cabinet has approved National Policy on Biofuels – 2018 in order to promote biofuels in the country.
- The ethanol supply will help to
- Reduce import dependency on crude oil which will, in turn, result in savings of forex.
- Reduce CO2 emissions and Green House Gas emissions by reducing crop burning and conversion of agricultural residues and wastes into biofuels.
- The policy categorizes biofuels to enable the extension of appropriate financial and fiscal incentives under each category
- Basic Biofuels - First Generation (1G) bioethanol and biodiesel.
- Advanced Biofuels - Second Generation (2G) ethanol, Municipal Solid Waste (MSW) to drop-in fuels, Third Generation (3G) biofuels, bio-CNG etc.
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