Business Economy | Hardeep Singh Puri stresses on exploring alternative energy resources

Oct 19,2022

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Wednesday stressed on exploring and promoting alternative energy resources to reduce dependence on the import of fossil fuels. Speaking at an International Conference on ‘Biofuels – A Pathway towards Sustainable Future’ organised by the Society of Indian Automobile Manufacturers (SIAM), he said,''Taking into account Amrit kaal: Vision 2047 goals, where we intend to grow our 3 trillion dollar economy to 32 trillion dollars, and therefore, our energy requirements are bound to rise to account for lifestyle, trade, and manufacturing development.'' ''Additionally, environmental conservation is also critical to our developmental journey. Under the SATAT scheme, many entrepreneurs have established CBG plants to produce and supply CBG to Oil Marketing Companies. With the assistance of OMCs and other enthusiastic players, 37 CBG plants have been commissioned, and approximately 9000 tonnes of Compressed Biogas have already been sold. In order to make decarbonized mobility a reality, Indian automakers must stay on the path of sustainability,” he said. The conference was organized as a part of year-round activities to promote ethanol. The Government of India has mandated SIAM for taking promotional measures for ethanol in the country jointly with the Ministry of Heavy Industries (MHI) as a transportation fuel. India’s Ethanol Blending Programme is being driven by the highest level of the Government. The important deadlines decided for pan India implementation of E-20 are 2023 for vehicles to be material compliant, and 2025 for vehicles to be fully E-20 compliant. In the conference on Biofuels, delegates shared knowledge, best practices, experiences and disseminated learnings on biofuels, especially ethanol. In addition, issues related to emissions, GHGs, and decarbonization in the automotive sector were also discussed.