Mumbai: Bharat Petroleum Corporation Limited (BPCL) organised a webinar on biofuels – a way forward as part of ‘Azadi Ka Amrut Mahotsav' to commemorate the 75th Anniversary of India's Independence in August 2022. The webinar was conducted under the guidance and direction of the Ministry of Petroleum and Natural Gas (MoP&NG).
The webinar witnessed the presence and keynotes addressed by industry experts. The purpose was to create awareness and nudge the public towards adopting biofuels as a new source of energy. It was also to create confidence among entrepreneurs to take up challenges with the help of experts.
Eminent speakers related to the biofuels industry, research institutes and agriculture universities participated in the panel discussion. The speakers highlighted several initiatives undertaken in the course of biofuels practice. They also delivered insights on evolution in the industry and the need to be innovative in thinking and in execution.
In the keynote address, MoP&NG’s Secretary Tarun Kapoor emphasized, “Biofuels is a cleaner alternative energy source to manage carbon imbalance in the environment. It has increasingly become indispensable for sustainable development towards Atmanirbhar Bharat with significant socio-economic benefits while meeting the growing energy needs of the country. Being informed about the initiatives and coordinated actions taken by various Ministries and Departments of the government for increasing production and consumption of bio-ethanol, Compressed Bio-Gas (CBG) and bio-diesel is crucial. We aim to encourage people to come forward to set up biofuels production plants and be assured about the marketing of biofuels by oil marketing companies. This is a crucial step and we wish to march forward with conviction and sustained efforts in this direction.”
BPCL’s Director Marketing and Director Refineries Arun Kumar Singh expressed, “We wish to reiterate our country’s commitment to reduce greenhouse gas emission intensity by 33-35 percent (relative to 2005 level), by 2030. Our emphasis areas are bio-ethanol, compressed bio-gas, and solar branching towards hydrogen for carbon neutrality. Under the EBP programme, we have achieved 8.16 percent blending ratio during the previous month and now we are moving towards achieving E10 in 2022 and E20 by 2025. Oil and Gas Marketing companies are paving way for setting up 5,000 CBG plants by 2023 and have issued more than 1,500 LOIs till date. We aim to continue the efforts undertaken in this direction and contribute towards a better future.”
Several other eminent speakers expressed their views and insights on the topic BPCL’s Executive Director (Retail) PS Ravi, Praj Industries Ltd’s President Atul Mulay, CSIR-IIP’s Director Dr Anjan Ray, BPCL Chair Professor Dr MK Mohanty, Refineries BPCL Executive Director (I/c) PV Ravitej, BPCL-OUAT’s Executive Director (Biofuels) Milind S Patke, Noble Exchange Environment Solutions LLP’s Founder & CEO’s Nuriel Pezarkar and SusBDe Holding BV, Netherland’s Chairman of the Board & General Director Jaap Veenenbos also graced the webinar with their presence and expressed valuable insights and remarks to make the journey of biofuels, a success story.
Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram & Twitter as well. Join PSU Watch Channel in your Telegram and follow us on Twitter to stay updated)