India's Biofuel Future: The Untapped Potential of Bio-CNG
India is making strides in bioethanol production, nearing a 20% blending target with petrol. However, a recent S&P Global report urges increased focus on bio-CNG adoption, highlighting the need for stronger policies and investments to enhance infrastructure and supply chains in the transport sector.
- Country:
- India
India is edging closer to achieving its ambitious target of blending 20% ethanol with petrol, thanks to significant advancements in bioethanol production. Yet, a recent report from S&P Global indicates a pressing need for the country to pivot its focus towards the adoption and scalability of bio-compressed natural gas (bio-CNG).
The report underscores that while bioethanol strides are commendable, the path for bio-CNG is marred with challenges, particularly in infrastructure and adoption within the transport sector. Overcoming these obstacles requires a structured policy approach and increased investments to truly integrate bio-CNG into the country's broader energy strategy.
India's dependence on imported fuels is stark, with the nation importing about 88% of its crude oil and 50% of its natural gas. A shift towards domestic biofuels, including bio-CNG, could greatly enhance energy security, especially as automakers gear up to support this transition. The S&P Global report concludes that unlocking bio-CNG's potential is vital for India's energy landscape. (ANI)
(With inputs from agencies.)
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