India has emerged as the world’s third-largest biofuel producer, driving the shift toward cleaner, renewable energy, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday.
In a post on X, Puri highlighted that India has achieved 19.6% ethanol blending in petrol as of January and is on track to reach 20% very soon, five years ahead of its original 2030 target. This rapid progress is expected to reduce fuel imports and cut emissions.
“From the quiet town of Digboi to the world’s top energy markets, India’s petroleum journey is a story of resilience & progress, guided by the visionary leadership of Prime Minister Narendra Modi,” Puri said.
Over the last decade, ethanol blending has contributed significantly to rural economic growth, increasing farmers’ incomes and creating jobs while reducing CO2 emissions, equivalent to planting 175 million trees, according to official estimates. The initiative has also saved the country Rs. 85,000 crore in foreign exchange.
Public sector oil marketing companies (OMCs) like Indian Oil, Bharat Petroleum, and Hindustan Petroleum have introduced various ethanol-petrol blends nationwide and signed agreements with 131 ethanol plants, which are set to add an annual production capacity of 745 crore litres.
OMCs are also ramping up storage and infrastructure to handle higher ethanol blending percentages.
Puri also noted that Ethanol 100 (E100) fuel is now available at over 400 outlets nationwide. The petroleum minister had launched the high-octane E100 fuel at 183 Indian Oil outlets in March 2024.
According to Indian Oil, with an octane rating of 100-105, Ethanol 100 is ideal for high-performance engines. It improves efficiency and power output while environmental impact. E100 can be used in a wide range of vehicles, particularly flex-fuel vehicles capable of running on gasoline, ethanol, or a blend of both.
India has also become the fourth-largest in the world in LNG terminal capacity, ensuring stable energy supplies, Puri said.
He further noted that the country holds the fourth-largest global refining capacity and ranks as the seventh-largest exporter of refined petroleum products.
(With IANS inputs)
