A few days ago, a research report on third-generation fuel ethanol was released in India. The report pointed out that by 2020, the use of agricultural waste to produce biofuels will not only create 1 million jobs for India, but also meet India's demand for more than 59% of gasoline. This will help India reduce energy consumption and increase the use of clean fuels. The purpose of the scale. The Indian government has publicly announced that it plans to use 20% of transportation fuel oil from biofuels by 2017.
India is the sixth largest energy consumer in the world and consumes 17.3 billion liters of gasoline each year. It is estimated that by 2020, the consumption of gasoline in India will increase at an annual rate of 8.5%. According to the current oil price of US$100 a barrel, India will have to import US$19.4 billion worth of refined oil products by 2020.
However, expanding imports is not conducive to ensuring energy security, nor is it conducive to reducing the measures taken to prevent global warming. In addition, the rapid growth of the import scale is not cost-effective from the economic or environmental point of view. According to the above report, biofuel produced through agricultural waste can effectively replace regular gasoline. It is more environmentally friendly than regular gasoline, but if it is promoted, it will require a certain process.
In the next 10 years, India’s enormous potential for biomass energy development will create 1 million jobs and will make a significant contribution to the employment of rural Indians.
Despite promising prospects, the report still points out that India also has inherent deficiencies in the development of bio-fuels for agricultural wastes, such as lack of support policies, subsidies for the collection of agricultural waste (recycling of agricultural wastes is only 25%) and related production facilities.
The above report also pointed out that whether the biofuel industry can thrive in India depends on the government's decision-making. If the government can formulate a wide-ranging, coordinated, and innovative incentive policy and the implementation of policies is effective, it will naturally attract investors into the industry chain. In addition, rewards and punishments can also effectively promote the development of the industry.
India is the sixth largest energy consumer in the world and consumes 17.3 billion liters of gasoline each year. It is estimated that by 2020, the consumption of gasoline in India will increase at an annual rate of 8.5%. According to the current oil price of US$100 a barrel, India will have to import US$19.4 billion worth of refined oil products by 2020.
However, expanding imports is not conducive to ensuring energy security, nor is it conducive to reducing the measures taken to prevent global warming. In addition, the rapid growth of the import scale is not cost-effective from the economic or environmental point of view. According to the above report, biofuel produced through agricultural waste can effectively replace regular gasoline. It is more environmentally friendly than regular gasoline, but if it is promoted, it will require a certain process.
In the next 10 years, India’s enormous potential for biomass energy development will create 1 million jobs and will make a significant contribution to the employment of rural Indians.
Despite promising prospects, the report still points out that India also has inherent deficiencies in the development of bio-fuels for agricultural wastes, such as lack of support policies, subsidies for the collection of agricultural waste (recycling of agricultural wastes is only 25%) and related production facilities.
The above report also pointed out that whether the biofuel industry can thrive in India depends on the government's decision-making. If the government can formulate a wide-ranging, coordinated, and innovative incentive policy and the implementation of policies is effective, it will naturally attract investors into the industry chain. In addition, rewards and punishments can also effectively promote the development of the industry.