India’s Push for Bio-Fuels and Clean Green Energy as part of AtmaNirbhar Bharat is going to save India foreign exchange to the tune of $150 Billion.
World is seeing a lot of young school dropouts claiming themselves to be Climate Experts trying to create riots and destabilize democracy in several countries. However it is the lack of information of those young media created puppets who are unaware of the steps taken by Indian government for Clean Environment.
Bio-Fuel in India
It is estimated that the ethanol market in India alone is projected to grow from $2.50 billion in 2018 to $ 7.38 billion by 2024, exhibiting a CAGR of 14.50% during 2019-2024. Another report by the International Energy Agency says the Indian biofuel market is forecasted to grow 11% from 2019 to 2024 and referred to India’s 2018 biofuels policy created by the government which “widened the permitted feedstock base for ethanol and introduced subsidies to expand production capacity, establishing the foundations for ethanol output growth.”
The USDA’s attaché reports that ethanol blending this year could reach a record 5.8%, above last year’s 4.1% as the government pushes for higher blending through deregulation of feedstocks, soft loans for increased investment in ethanol production and focus on 2G ethanol technologies and commercialization.
Government support for biofuels – it’s something many people want but it’s also something that is rare around the world. There are really only a handful of countries globally that are putting significant efforts towards promoting biofuels. Even the U.S. government hasn’t been 100% fully behind biofuels – just look at the recent small refinery waivers and the wimpy ethanol and biodiesel government volume numbers over the last few years.
Why would the government want more biofuels? To save the environment? To lower GHG emissions?
Indian government’s push for biofuels is impressive. Indian Government’s main focus is to save the environment and lower the GHG emissions. Besides that biofuels has been simply national security – the Indian Government wants to lower reliance on importing energy from other countries. Since other countries have not done much of innovation in this field, Indian Government has shown to the world that they are Innovators, Entrepreneurs, Creative problem solvers, Technical geniuses.
Indian Government’s Bio-Fuel Policy
Union Cabinet approved National Policy on Biofuels – 2018 on 16 MAY 2018. The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.
Some of the Expected Benefits highlighted for using Bio-Fuels in India as per the Government of India are:-
Reduce Import Dependency: One crore lit of E10 saves Rs.28 crore of forex at current rates. The ethanol supply year 2017-18 is likely to see a supply of around 150 crore litres of ethanol which will result in savings of over Rs.4000 crore of forex.
Cleaner Environment: One crore lit of E-10 saves around 20,000 ton of CO2 emissions. For the ethanol supply year 2017-18, there will be lesser emissions of CO2 to the tune of 30 lakh ton. By reducing crop burning & conversion of agricultural residues/wastes to biofuels there will be further reduction in Green House Gas emissions.
Health benefits: Prolonged reuse of Cooking Oil for preparing food, particularly in deep-frying is a potential health hazard and can lead to many diseases. Used Cooking Oil is a potential feedstock for biodiesel and its use for making biodiesel will prevent diversion of used cooking oil in the food industry.
MSW Management: It is estimated that, annually 62 MMT of Municipal Solid Waste gets generated in India. There are technologies available which can convert waste/plastic, MSW to drop in fuels. One ton of such waste has the potential to provide around 20% of drop in fuels.
Infrastructural Investment in Rural Areas: It is estimated that, one 100klpd bio refinery will require around Rs.800 crore capital investment. At present Oil Marketing Companies are in the process of setting up twelve 2G bio refineries with an investment of around Rs.10,000 crore. Further addition of 2G bio refineries across the Country will spur infrastructural investment in the rural areas.
Employment Generation: One 100klpd 2G bio refinery can contribute 1200 jobs in Plant Operations, Village Level Entrepreneurs and Supply Chain Management.
Additional Income to Farmers: By adopting 2G technologies, agricultural residues/waste which otherwise are burnt by the farmers can be converted to ethanol and can fetch a price for these waste if a market is developed for the same. Also, farmers are at a risk of not getting appropriate price for their produce during the surplus production phase. Thus conversion of surplus grains and agricultural biomass can help in price stabilization.
Nexgen Energia Ltd to start 1000 CNG (CBG) production units in India
With the aim to re-define the manufacturing and distribution of alternate future green fuels NexGen Energia Ltd., a leading clean fuel energy company is exploring opportunities to establish green diesel refineries and CBG production units in North India.
In the first phase company established 1000 CNG (CBG) production units in India through franchise route with a special focus in Uttar Pradesh. Company has already established one first CNG (CBG) production unit in Ambala where production has already started.
Nexgen Energia Ltd. has pioneered the art of making CNG (CBG) from locally sourced waste and agricultural waste in India and distribute CNG (CBG) in the same market through its locally established distribution channels. NGE is one of the leading organisations to have achieved this feat. Nexgen Energia Ltd. has initiated this disruptive idea to bring on board a band of entrepreneurs, distributors and marketers for production, storages and marketing of green fuel and bring a revolution in alternate green fuels sector.
As per Bio-fuel policy, 2018 Govt of India has to promote production, storage and distribution of Bio-fuel and encouraging participation of private entrepreneur in the green energy sector. Govt also giving investment subsidy and many policy incentives to increase the participation of young entrepreneurs.
For the proper utilisation of garbage and give a relief from garbage mountains and pollution spread all over the country Government of India has given many policies supports and promoting waste to the Energy sector. As the processing for CBG and green diesel from garbage is being popularised Nexgen Energia has planned to open 300 CNG (CBG) production plant/Retail outlets in the first phase in Uttar Pradesh along with its storage marketing and distribution networks.
Elaborating about the business plan NexGen Energia Founder and Chairman Dr Piyush Dwevedi said, “Our aim to boost Local for Vocal & Make in India initiatives based on Swach Bharat mission through the production of energy from the waste and provide an innovative entrepreneurship opportunity for the business aspirant. We are going to establish a CNG (CBG) production plant through franchisee route with production buyback guarantee. It is a unique and an Ideal profitable business opportunity on very low risk.”
“An initial investment required for a CNG (CBG) production plant unit starts from only 4.99 Cr. and government of India and state government is giving huge subsidy for the establishment of waste to CNG production plant. Apart from investment subsidy government is also giving GST benefits, Land use conversion and income tax benefits for CNG production plants,” Dr Dwevedi added.
With the ultramodern technologies of global standard and vast experience in waste to the energy sector, Nexgen Energia Ltd. wants to give a notable input in the growing demand for fuel and alternative energy resource of India. Apart from CNG (CBG) production Nexgen Energia Ltd. is also running CBG Retail Outlets, Green Diesel Production unit, Green Diesel Retail Outlets, Bio Coal, EV Charging stations in India. Apart from Uttar Pradesh Nexgen Energia Ltd. also exploring opportunities in other parts of the country.
Nexgen Energia Ltd., India’s leading multinational and majorly a Clean Fuel Company with diversifications in CNG/CBG Production, CBG Retail Outlets, Green Diesel Production, Green Diesel Retail Outlets, Bio Coal, EV Charging, etc. Nexgen Energia Ltd. has started production of CBG/Green Diesel at multiple locations along with its franchise partners to launch sales of these clean fuels to its retail outlet franchise.
Electric Vehicles by 2030
Reiterating its commitment to the Paris Agreement, the Government of India has plans to make a major shift to electric vehicles by 2030. Union Road Transport Minister Nitin Gadkari stated that, he believes; “India will be a manufacturing hub for electric vehicles within the next five years, adding that several countries do not want to deal with China after the COVID-19 crisis, which can be an opportunity for India.” The minister asked Indian automotive companies to boost their electric vehicle technology and also to focus on finding alternatives to lithium-ion battery tech to help make India the next global manufacturing hub for electric vehicles. “I am confident that in five years, Indian will become the number one hub for manufacturing electric buses, cars and two-wheelers. There is also a blessing in disguise that a majority of countries are not interested in dealing with China anymore. So, now there is a huge potential for India,” Gadkari said.
Already production of Electric vehicles has started in a big way in India. Foreign companies like Tesla are also planning to shift production to India.
It is estimated that all these initiatives by Indian Government will lead to savings in Foreign Exchange to the tune of $150 Billion and a shift to the more cleaner energy in future.
Follow us at:-
Twitter Handle: @newscomworld
Telegram Handle : @NewsComWorldCom
Instagram Handle: @newscomworld
Koo Handle : @NewsComWorld
Parler Handle: @NewsComWorld
Gab Handle : @NewsComWorld
Tooter Handle: @NewsComWorld
Subscribe our : YouTube Channel https://www.youtube.com/channel/UCnKJQ3gFsRVWpvdjnntQoAA
Like our Facebook Page https://www.facebook.com/NewsComWorld
709 total views