Pre-pandemic we were consuming roughly 5 million barrels a day of oil. It is going to go up to 9 million barrels if we want to become a $10-trillion economy, says energy expert Narendra Taneja.
Use of 100% ethanol as fuel has been mulled for a very long time. How long would it go in cutting down our crude import bill because there is also the fact that not too many automobiles are compatible with ethanol as opposed to regular petrol or diesel or fuel?
It is a very good idea as part of the efforts to reduce dependence on oil imports but would it make a very significant difference? The answer is no because we are a great producer of ethanol but at the same time if we start consuming ethanol for everything, we will end up becoming import dependent for ethanol also. We are already importing quite a bit.
Recent Posts
GCMD completes biofuel supply chain trials with Hapag-Lloyd
Airbus partners with Avolon on hydrogen aviation
Nuclear power transition more safe option for decarbonisation than coal
ABS presents industry’s first advisory on ammonia bunkering
AW Shipping orders multiple dual-fuel vessels from China
HIF Global partners with Airbus to advance development of SAF
ASL Aviation signs agreement with ZeroAvia for retrofit
AM Green plans to invest $1 bn to set up 2G biofuel plants