The government of India announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends.
The tax exemption originally applied to E10 blends, but has now been expanded to blends of E12-E15. The exemption will also apply to B20 made from vegetable oils.
India recently set an ambitious goal to move to an E20 blend of gasoline by 2025. Ethanol currently accounts for approximately 8.5 percent of the country’s gasoline, up from 1.5 percent in 2014.
India earlier this year announced plans to install or upgrade nearly 200 grain-based ethanol production facilities as part of its effort to adopt an E20 blend of gasoline.
Tags: Biodiesel, Blends, Ethanol, Excise Duty, India
Recent Posts
ONGC launches four new eco-friendly cementing units
SGL partners with Hapag-Lloyd for ocean biofuel initiative
LR to work with Stena to retrofit two Stena Line ferries to methanol
Ports in Baltic Sea cut emissions with port collaboration solution
ADNOC delivers certified bulk commercial shipment to Mitsui
Oceania, Hexagon partner for low emission ammonia bunkering
SRK achieves net zero certification in global diamond sector
Banle Energy takes part in Tata Steel B24 bio bunker fuel voyage