World BioFuel Day to be celebrated on 10th August

World BioFuel Day to be celebrated on 10th August

World Bio-fuel Day is going to be celebrated on 10th August & it is being observed by the Ministry of Petroleum & Natural Gas for the last three years.

World Bio-fuel Day

  • It is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels.
  • It is also aimed to highlight the various efforts made by the Government in the bio-fuel sector.

Focus on Biofuel generation

  • Biofuels have the benefits of reducing import dependency on crude oil, cleaner environment, and additional income to farmers and employment generation in rural areas.
  • The biofuels programme is also in synergy with the Government of India initiatives for Make in India, Swachh Bharat and enhancing farmers’ income.
  • Since 2014, the Government of India has taken a number of initiatives to increase blending of biofuels. The major interventions include :-
    🙂 Administrative price mechanism for ethanol
    🙂 Simplifying the procurement procedures of OMCs
    🙂 Amending the provisions of Industries (Development & Regulation) Act, 1951
    🙂 Enabling lignocellulosic route for ethanol procurement.

Outcomes of Bio-fuel Programme

  • Ethanol blending in petrol has increased from 38 crore litres in the ethanol supply year 2013-14 to an estimated 141 crore litres in the ethanol supply year 2017-18.
  • Oil PSUs are also planning to set up 12 Second Generation (2G) Bio-refineries to augment ethanol supply and address environmental issues arising out of burning of agricultural biomass.

National Policy on Biofuels-2018

  • The policy has the objective of reaching 20% ethanol-blending and 5% biodiesel-blending by the year 2030.
  • The policy expands the scope of feedstock for ethanol production and has provided for incentives for production of advanced biofuels.

Other initiatives

  • Recently the Government has increased the price of C-heavy molasses-based ethanol to Rs. 43.70 from Rs. 40.85 to give a boost to EBP Programme.
  • Price of B-heavy molasses-based ethanol and sugarcane juice-based ethanol has been fixed for the first time at Rs. 47.40.
  • The Government has reduced GST on ethanol for blending in fuel from 18% to 5%.

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