The government announced that if the biofuel is produced using imported feedstock, exports of biofuel from special economic zones (SEZ) and export-oriented units are permitted for both fuel and non-fuel purposes without any restrictions.
Within days of placing limitations on their imports, the government on August 28, 2018, had restricted the export of biofuels as well in a bid to increase the domestic capacity. Biofuel imports and exports both call for a licence. Ethyl alcohol, petroleum oil, oils derived from bituminous materials, bio-diesel, and mixes are examples of biofuels.
The Directorate General of Foreign Trade (DGFT) has amended that notification of 2018 “to the extent that export of biofuel from special economic zones/export-oriented units, are allowed for fuel as well as non-fuel purpose without any restriction when produced using only imported feed stock”.
Special economic zones and export-oriented units are meant specifically for export purposes.
India has an ambitious biofuel roadmap under its national biofuel policy. By 2025-26, the centre aims to achieve 20% ethanol blending in petrol. The initial target to achieve 20% blending was 2030. The target of petrol supplies with 10% ethanol blending was achieved in June last year, before the original schedule of November 2022.
Tags: Biofuels, Export, India, SEZs
Recent Posts
Electric vessels leading Singapore’s decarbonization journey
Hanwha Ocean invests into ammonia technology with Amogy
Neste and New Jersey Natural Gas to cut GHG emissions
Marriott International commits to achieve netzero by 2050
CEEC Hydrogen signs agreement with Headway Technology on green fuels
IIT Bombay partners with HSBC to support green hydrogen initiatives
ARAI receives 13 bids for green hydrogen projects
Crude oil consumption increased by 4.6% in FY24: PPAC