亚博体育官网首页

Ethanol Blending Hits 14.6%, Saving Rs 750 Billion in Forex Since 2018
OIL & GAS

Ethanol Blending Hits 14.6%, Saving Rs 750 Billion in Forex Since 2018

Ethanol blending in petrol reached a record 14.6 per cent during the Ethanol Supply Year (ESY) 2023-24, with over 7 billion litres of ethanol blended, representing a notable rise from 5 per cent and 1.88 billion litres in ESY 2018-19. Minister of State for Petroleum and Natural Gas, Suresh Gopi, informed the Rajya Sabha about this development. He noted that the government鈥檚 Ethanol Blended Petrol (EBP) Programme had achieved nationwide coverage across all retail outlets as of 2024, up from 43,168 outlets in 2019.

According to data provided by the Petroleum Planning and Analysis Cell (PPAC), the EBP Programme has resulted in foreign exchange savings of Rs 750 billion since 2018. The annual savings have grown from Rs 55 billion in ESY 2018-19 to Rs 284 billion in ESY 2023-24 (as of September 2024).

The programme has facilitated payments of Rs 575.52 billion to farmers over the last three years, with sugarcane farmers being the primary beneficiaries. It has also helped replace 110 lakh metric tonne of crude oil and reduced net CO2 emissions by approximately 332 lakh metric tonnes during this period.

To enhance ethanol blending, the government has introduced measures such as expanding the range of feedstocks for ethanol production, setting administered price mechanisms for cane-based ethanol, and implementing Ethanol Interest Subvention Schemes (EISS). Furthermore, Long-Term Offtake Agreements (LTOAs) between oil marketing companies (OMCs) and dedicated ethanol plants (DEPs) have provided additional support for the initiative.

Ethanol blending in petrol reached a record 14.6 per cent during the Ethanol Supply Year (ESY) 2023-24, with over 7 billion litres of ethanol blended, representing a notable rise from 5 per cent and 1.88 billion litres in ESY 2018-19. Minister of State for Petroleum and Natural Gas, Suresh Gopi, informed the Rajya Sabha about this development. He noted that the government鈥檚 Ethanol Blended Petrol (EBP) Programme had achieved nationwide coverage across all retail outlets as of 2024, up from 43,168 outlets in 2019. According to data provided by the Petroleum Planning and Analysis Cell (PPAC), the EBP Programme has resulted in foreign exchange savings of Rs 750 billion since 2018. The annual savings have grown from Rs 55 billion in ESY 2018-19 to Rs 284 billion in ESY 2023-24 (as of September 2024). The programme has facilitated payments of Rs 575.52 billion to farmers over the last three years, with sugarcane farmers being the primary beneficiaries. It has also helped replace 110 lakh metric tonne of crude oil and reduced net CO2 emissions by approximately 332 lakh metric tonnes during this period. To enhance ethanol blending, the government has introduced measures such as expanding the range of feedstocks for ethanol production, setting administered price mechanisms for cane-based ethanol, and implementing Ethanol Interest Subvention Schemes (EISS). Furthermore, Long-Term Offtake Agreements (LTOAs) between oil marketing companies (OMCs) and dedicated ethanol plants (DEPs) have provided additional support for the initiative.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman鈥檚 investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle鈥檚 growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20鈥�25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union 亚博体育官网首页 Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat鈥檚 Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement