• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Sunday, February 5, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Paradox of Abundance and Scarcity: Contrasting reality of food security in India

    Paradox of Abundance and Scarcity: Contrasting reality of food security in India

    Adani LIC

    Adani Group shares deliver big for LIC: 26,000 crore Return on Investment

    Ram Janmabhoomi

    Religious site at risk: Ram Janmabhoomi threatened with bombing

    Delhi liquor scam

    Kejriwal under fire: Liquor scam rocks the capital

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Reliance in Digital Rupee Currency

    Reliance Retail leads the way with Digital Rupee payments

    The disintegration of BYJU’s has just begun

    The disintegration of BYJU’s has just begun

    Budget 2023’s Delicate Dance: Balancing Fiscal, Populism and the Public Interest

    Budget 2023’s Delicate Dance: Balancing Fiscal, Populism and the Public Interest

    Artificial Intelligence India

    Unlocking Artificial Intelligence Potential: India’s 2023 Budget and the Future

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Defence budget

    Given the enemies at our door, India’s defence budget is awfully low

    Defence budget India

    Modernization of Indian defence: Right trajectory but low velocity

    AK-203 rifles

    Amethi has started producing the dreaded AK 203 for India and the world

    HELINA and VSHROD

    Amidst build up on China and Pakistan border India gets HELINA and VSHROD

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Arindam Bagchi IWT Indus Water Treaty

    India takes charge on Indus Water Treaty

    In the Presidential year of G20, they have waged an info war against India

    In the Presidential year of G20, they have waged an info war against India

    Macron-Modi-Biden: France gives India an edge in dealing with the USA

    Macron-Modi-Biden: France gives India an edge in dealing with the USA

    Ajit Doval Jake Sullivan

    The Quiet Revolution: India’s Diplomatic Success in Bringing Tech Transfer

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Mahabharat

    The silent war to cancel Mahabharat and why Sanatanis need to speak against it

    Ram V. Sutar

    The legacy of Ram V. Sutar: A gift from Bhagwan Vishwakarma

    Dilip Kumar Indira Gandhi

    When Dilip Kumar silenced Indira Gandhi

    Tulsi leaves benefits

    Know about 10 Benefits of Tulsi Leaves

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Unfortunate Consequence of Triumph: Kishore Kumar’s Displeasure amidst Film Success

    Unfortunate Consequence of Triumph: Kishore Kumar’s Displeasure amidst Film Success

    The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

    The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

    Light Pollution

    Light pollution: What is it and how to stop it?

    S Balbir

    S Balbir: The Voice That Suddenly Went Silent

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Paradox of Abundance and Scarcity: Contrasting reality of food security in India

    Paradox of Abundance and Scarcity: Contrasting reality of food security in India

    Adani LIC

    Adani Group shares deliver big for LIC: 26,000 crore Return on Investment

    Ram Janmabhoomi

    Religious site at risk: Ram Janmabhoomi threatened with bombing

    Delhi liquor scam

    Kejriwal under fire: Liquor scam rocks the capital

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Reliance in Digital Rupee Currency

    Reliance Retail leads the way with Digital Rupee payments

    The disintegration of BYJU’s has just begun

    The disintegration of BYJU’s has just begun

    Budget 2023’s Delicate Dance: Balancing Fiscal, Populism and the Public Interest

    Budget 2023’s Delicate Dance: Balancing Fiscal, Populism and the Public Interest

    Artificial Intelligence India

    Unlocking Artificial Intelligence Potential: India’s 2023 Budget and the Future

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Defence budget

    Given the enemies at our door, India’s defence budget is awfully low

    Defence budget India

    Modernization of Indian defence: Right trajectory but low velocity

    AK-203 rifles

    Amethi has started producing the dreaded AK 203 for India and the world

    HELINA and VSHROD

    Amidst build up on China and Pakistan border India gets HELINA and VSHROD

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Arindam Bagchi IWT Indus Water Treaty

    India takes charge on Indus Water Treaty

    In the Presidential year of G20, they have waged an info war against India

    In the Presidential year of G20, they have waged an info war against India

    Macron-Modi-Biden: France gives India an edge in dealing with the USA

    Macron-Modi-Biden: France gives India an edge in dealing with the USA

    Ajit Doval Jake Sullivan

    The Quiet Revolution: India’s Diplomatic Success in Bringing Tech Transfer

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Mahabharat

    The silent war to cancel Mahabharat and why Sanatanis need to speak against it

    Ram V. Sutar

    The legacy of Ram V. Sutar: A gift from Bhagwan Vishwakarma

    Dilip Kumar Indira Gandhi

    When Dilip Kumar silenced Indira Gandhi

    Tulsi leaves benefits

    Know about 10 Benefits of Tulsi Leaves

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Unfortunate Consequence of Triumph: Kishore Kumar’s Displeasure amidst Film Success

    Unfortunate Consequence of Triumph: Kishore Kumar’s Displeasure amidst Film Success

    The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

    The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

    Light Pollution

    Light pollution: What is it and how to stop it?

    S Balbir

    S Balbir: The Voice That Suddenly Went Silent

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » India saves import bills worth Rs 41,000 crores with Ethanol Blending

India saves import bills worth Rs 41,000 crores with Ethanol Blending

Rahul Gupta
by Rahul Gupta
11 June 2022
in Economy
0
India saves import bills worth Rs 41,000 crores with Ethanol Blending
4.6k
VIEWS
Share on FacebookShare on Twitter

One of the key resources for a modern industrialized country is energy and the main source of energy is crude petroleum. But the scattered availability of crude petroleum has created an uneven international trade balance. Crude-producing countries have immensely benefited from these fossil fuels and have tilted the balance of trade in their favour.

A country like India, which heavily depends on the import of crude for its energy needs, has always struggled to maintain its internal as well as import budget. According to Economic Survey 2021-22, the crude import bill for India touched around USD 73.3 billion in 2021 alone. So it becomes very important to find a substitute for these fossil fuels which not only cost the country in terms of money but also in terms of the environment.

Rs 41,000 crores saved from ethanol blending

Ashwini Kumar Choubey, Minister of State for Environment, Forests and Climate Change speaking at an online event has said that “use of 10% ethanol-blended petrol has led to a saving of over 41 thousand crore rupees in the foreign exchange for the country”.

Further explaining the next target of the government related to ethanol blending he added, “The next target is to achieve 20% ethanol blending and it is projected to be completed by 2025-26”.

The minister’s statement reflects the government’s aggressive push to find alternatives to the petroleum source of energy. Niti Aayog’s report, Ethanol Blending in India 2020-25 predicts that after the final completion of E20 programs, India can save around USD 4 billion per annum which is Rs 30000 crores. Besides giving a safe, secure, pollution-free environment, it will provide a strategic power to the country.

Read More: PM Modi targets Rs 12,000 crore saving in oil import bill from ethanol use

Ambitious Biofuels Targets

Amending the key targets of the National Policy on Biofuels in 2022, the government revised it from ESY (Ethanol Supply Year) 2030 to 2025-26 for 20% blending of ethanol in petrol. To complete the target, on one hand, the government is aggressively providing technological support to farmers for the ethanol production pushing supply and on the other, the Indian vehicle industry has been ordered to calibrate vehicle engines to a particular degree of ethanol blending or produce flex-fuel vehicles that can run on pure or blended fossil fuels creating demand.

The production of blended ethanol by mixing sugarcane with petrol will solve the double edge problem of the state. On one hand, it will reduce the import bill of the country and on the other; it will reduce the pollution in the environment as ethanol is a clean-burning, particulate-free fuel source. When ethanol is burnt with oxygen, it releases only carbon dioxide

Read More: India’s flex-fuel push will fire booster cylinders of the Indian Economy

For the Ethanol Blended Petrol (EBP), the government of India has estimated to divert around 35 LMT (Lakh Metric Tonne) in the season 2021-22 and it is expected to grow around 60 LMT of sugar to ethanol. Moreover, from Ethanol Supply Year (ESY) 2013-14 to ESY 2020-21, about 53000 crore revenue has been generated by sugar mills from the sale of ethanol to Oil Marketing Companies (OMCs). And, it is expected that in the ESY 2021-22, more than Rs 18000 crore revenue is expected to be generated by sugar mills from the sale of ethanol to OMCs.

The target for the ethanol production of India from molasses-based distilleries is 760 cr liters and from grain-based distilleries is 740 cr liters. This will require 60 lakh MT of sugar and 165 lakh MT of grains per annum in ESY 2025 to be used for producing ethanol, which the country can support.

The EBP will solve the three concurrent problems, first, it will reduce the import oil bill, second, it will reduce environmental costs, and third, it will increase the financial condition of farmers. Further, reducing the dependency on foreign imports for its energy demand will provide strategic leverage to India in the world.

 

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing best quality garments from TFI-STORE.COM.

Also watch:

Tags: BiofuelsEnergy ImportEthanol BlendingIndia
ShareTweetSend
Previous Post

Amit Shah’s bold statement about India’s real history

Next Post

In the guise of joint drills, America is sending its troops to learn high-altitude warfare

Rahul Gupta

Rahul Gupta

Columnist, TFIPost. Writes about Law, Politics and Society

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Paradox of Abundance and Scarcity: Contrasting reality of food security in India

Paradox of Abundance and Scarcity: Contrasting reality of food security in India

5 February 2023
Unfortunate Consequence of Triumph: Kishore Kumar’s Displeasure amidst Film Success

Unfortunate Consequence of Triumph: Kishore Kumar’s Displeasure amidst Film Success

4 February 2023
The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

4 February 2023
Adani LIC

Adani Group shares deliver big for LIC: 26,000 crore Return on Investment

4 February 2023

Popular This Week

Preity Zinta
Cinema

Preity Zinta – The woman who stood up to the underworld, but paid a heavy price for it

by Paurush Gupta
30 January 2023
Adani-Hindenburg row: Decoding the hidden agendas
Premium

Adani-Hindenburg row: Decoding the hidden agendas

by Abhishek Kumar Singh
29 January 2023
Govinda congress
Cinema

When Govinda started literally pleading in front of Sonia Gandhi

by TFIPOST News Desk
31 January 2023
Bhagwan Vishnu Bhavishya Badri
Culture

Is Bhagwan Vishnu leaving Badrinath and shifting to Bhavishya Badri?

by Shubham Bajpai
31 January 2023
Dr Jaishankar
Politics

Left’s lobby’s plot to tarnish Jaishankar’s reputation

by Paurush Gupta
2 February 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost