Government to Formulate Policies on Ethanol, Methanol to Bring Down Crude Import Bill: Nitin Gadkari
(PTI/The Financial Express) The Centre will soon come out with policies on the second-generation ethanol as well as methanol, non-conventional fuel resources, which will bring down the crude import bill by Rs 1 lakh crore, Union Minister Nitin Gadkari said today. After chairing an inter-ministerial meeting attended by Petroleum Minister Dharmendra Pradhan, among others, Road Transport and Highways Minister Gadkari said this will also create an industry worth Rs 1 lakh crore and provide employment to around 25 lakh youths, he said.
“It was decided in today’s meeting that the Petroleum Ministry will formulate a policy on the second-generation ethanol for approval from the Cabinet,” Gadkari said.
Gadkari said it was decided to take second generation ethanol production on mission mode as India accounted for a huge Rs 6 lakh crore imports bill on crude per annum and exploring and generating indigenous alternative would cut crude imports by at least Rs 1 lakh crore.
We can make second generation ethanol from bamboo, cotton straw, wheat straw, rice straw, bagasse etc
Promotion to green fuel like ethanol will not only arrest migration of people from villages to town but using bio technology production of biomass could be enhanced and more people could be roped in for employment, he said.
Gadkari also said in view of surplus cola production it has been decided to promote methanol output and Petroleum Ministry will also bring a policy for production of methanol from coal.
Excerpt from Live Mint: The government is set to make a policy framework on large scale production of ethanol from agricultural sources and methanol from coal that will help double farmers’ income, cut down crude oil imports and encourage global automobile companies like Toyota Motor Corp. to launch their flexible fuel vehicles in India, road transport and highways minister Nitin Gadkari said. READ MORE