The supply of 20% ethanol gasoline will save foreign exchange reserves of about $4 billion annually.

Author:
HT Auto Desk

|
Updated:
August 11, 2022, 1:52 p.m

File photo used for representational purposes only (HT_PRINT)

As India seeks to reduce its reliance on oil imports as well as address environmental concerns, it will start supplying petrol with a 20 percent ethanol blend at some petrol stations from next April. After that, the government will gradually increase the supply. India met its 10% ethanol blended petrol supply target in June this year, five months ahead of schedule.

Achieving its goal of blending 10% ethanol ahead of schedule, the country advanced its goal of blending gasoline with 20% ethanol by five years to 2025. The country’s oil minister, Hardeep Puri, said a fifth of gasoline will be made of ethanol by 2025. “E20 gasoline – petrol blended with 20% ethanol – will be available in some quantity from April 2023 and the remaining quantity will be covered by 2025,” he told PTI.

(Read also | ‘Half the cost of petrol’: Nitin Gadkari outlines the benefits of ethanol fuel)

By mixing 10% ethanol in gasoline, the country could save more than the impact of forex 41,500 crore, reduced greenhouse gas emissions by 27 lakh tonnes and also resulted in payments to farmers 40,600 crore promptly. Supplying gasoline with 20% ethanol would save approximately $4 billion annually.

Prime Minister Narendra Modi recently inaugurated a 2nd generation (2G) ethanol plant in Panipat, Haryana on the occasion of World Biofuel Day. The establishment of the plant is part of a series of steps taken by the government over the years to increase the production and use of biofuels in the country. It was built at a cost of more 900 crore by the Indian Oil Corporation (IOC) and has the capacity to convert about two lakh tonnes of rice straw into about 3 crore liters of ethanol annually.

In addition, the project will help reduce greenhouse gas emissions equivalent to about three lakh tonnes of carbon dioxide equivalent per year. This can also be equated to the replacement of almost 63,000 cars annually on the country’s roads.

Date of first publication: August 11, 2022, 1:51 PM IST

https://auto.hindustantimes.com/auto/news/india-to-begin-supplying-petrol-with-20-ethanol-blending-from-april-next-year-41660201458707.html

Previous articleWhy Binotta keeps faith in his strategic F1 team at Ferrari
Next article6 nose hair trimmers to complete your grooming kit