Biodiesel: The Next Big Renewable Story

From left to Right Mr. Neil Karani – VP and Treasurer, BMAI Dr. Akhilesh Sarraf – President, BMAI Mr. Sanjiv Gupta – Core Committee Member, BMAI

New Delhi (India), November 9: As the world grapples with environmental challenges and energy security concerns, India’s Biodiesel sector is stepping up to provide greener and more sustainable alternatives. This Industry has witnessed unprecedented growth and is on path to create a milestone in India’s pursuit of reducing its dependency on imported fossil fuels.

While the industry has made noteworthy progress, it is imperative for all stakeholders, to collaborate to ensure that it continues to grow and thrive.

Shri Sidhartha Mitra, GM (Biofuels) of Indian Oil Corporation says, “We are committed to increase Biodiesel blends in the country and have overcome many challenges and this can be seen because the Oil Companies have recently published a one year Expression of Interest (EOI) for purchase of 165 crore litres of Biodiesel and this number will only grow. Under the guidance of the Ministry of Petroleum and Natural Gas, we are geared up to increase blending levels to assist in achieving our Country’s commitment of Net Zero emissions by 2070”

This industry commenced with about 11 units and is expected to touch 100 units across the country. Notable established manufacturers in the country like Universal Biofuels in the South region, Monopoly Innovations in Western Region, BioD Energy and Kotyark Industries in Northern Region, Emami Agrotech in Eastern Region, have given a major impetus due to the ever-growing opportunity it presents.

During the General Body Meeting coinciding with the Industry Prebid Meeting of the One Year Biodiesel EOI, held on 21st September 2023, in New Delhi, Dr. Akhilesh Sarraf, President of the Biodiesel Manufacturers Association of India said “Biodiesel has a potential to replace 1650 crore litres of conventional diesel in near future which will lead to an import saving of more than Rs. 49,500 crores every year and reduction of 3.27 crores metric tonnes of carbon dioxide emissions per year. The industry has numerous socio-economic benefits like encouraging entrepreneurship through the Make in India programme, increasing farmer income, greening wastelands, reduction of carbon emissions and many others.”

As the Biodiesel Industry in India flourishes, it not only contributes to a greener environment but also bolsters the Nation’s energy security. 

The Biodiesel industry’s growth is a testament to India’s commitment to a sustainable future, echoing the global call for a cleaner and more sustainable world.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Press Release

Innovation Takes Center Stage: Wadhwani Foundation’s Standout Presence at 21BY72 Startup Summit 2024 Signals Bright Future for Indian Startups

The Foundation’s Booth G-4 was a hub of activity, drawing crowds eager to learn. The “Master Your Startup Story” workshop was a success, inspiring attendees including students, startups, investors, and mentors. Wadhwani Foundation recognized for contributions to fostering the Indian entrepreneurial ecosystem. Surat (Gujarat) [India], June 21: The Wadhwani Foundation celebrated a groundbreaking success at the […]

Read More
Press Release

Solnce Energy: A Solar Tech from Surat

Surat (Gujarat) [India], June 21: In the vibrant city of Surat, a solar tech company is making waves with its innovative approach to renewable energy. Solnce Energy is spearheading a revolution in the solar industry, aiming to make solar energy both accessible and affordable for everyone. At the heart of this mission is the Solnce […]

Read More
Press Release

KrispCall Unveils Exciting New Features at 21by72 Startup Summit Season 3 in Surat, India

Surat (Gujarat) [India], June 20: KrispCall, an emerging company in the cloud telephony industry, participated in the 21by72 Startup Summit Season 3, held on June 15-16, 2024, at Avadh Utopia, Surat, India. This major event brought together over 125 startups and thousands of entrepreneurs, investors, and industry leaders. This marks KrispCall’s fourth event participation in […]

Read More