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A Rational option to improve economy
An estimate that India is going to double its oil consumption by 2030 has been projected, making it the third largest oil consumer in the world. We are well aware of a perfect solution and a better alternative, “biofuel”. But design, manufacture and commercial availability is the biggest hindrance. Biofuel being the most probable answer to meet the raging oil demand, a few mandates have been introduced by the Government, one of which is to add a 5% mandatory blend of ethanol in gasoline. The GOI is aiming for a target to increase the blend percent to 20% by 2017. It gets imperative to concentrate on alternate fuels to reduce oil imports and also to enhance domestic economy of the country. There are appreciable alternative green fuels available in the country. To list the fossil fuel alternatives available, we have, biodiesel, bio-alcohol (methanol, ethanol, and butanol), hydrogen, non-fossil methane, non-fossil natural gas, vegetable oils, and other fuels derived from biomass sources. Among which, biodiesel stands to be the most promising and popular in the transport sector.
As mentioned in Railway Budget 2014- 15, Indian Railways will start using Bio-Diesel up to 5% of the total fuel consumption in diesel locomotives, saving precious foreign exchange substantially. – Sadananda Gowda, Minister of Railways
Shekhar Suman is a Serial Entrepreneur and the Co-Founder of Biotecnika. Magazine is a way he wants to recraft the way industry opines and expresses its views. With years of experience under his belt, he captains the ship with prudence and perfection. He is the chief-editor of Biotecnika Magazine and a big inspiration to the bio-community.
Its time we move to biofuel and other alternatives.
That is a good tip particularly to those fresh to the blogosphere. Brief but very accurate info… Appreciate your sharing this one. A must read article!
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