India needs to expand biofuel production and consumption to boost its energy security as crude oil prices soar amid the Middle East crisis, according to Tarun Kapoor, an adviser in India's Prime Minister's Office.
"The future of biofuels is about maximizing value from every available resource," Kapoor said at the India Sugar and Bio-Energy Conference.
"From ethanol and compressed biogas to new applications in transport, industry and energy, we must expand the market and fully utilize the capacity we have created," the PM office's adviser said.
India, the world's third-largest crude oil importer, which depended on the Middle East for nearly half of its crude oil imports before the war, has been paying a high price for alternative crude supplies since the Iran war began.
India launched in June a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program to reduce dependence on imported oil.
#kapoor
"The future of biofuels is about maximizing value from every available resource," Kapoor said at the India Sugar and Bio-Energy Conference.
"From ethanol and compressed biogas to new applications in transport, industry and energy, we must expand the market and fully utilize the capacity we have created," the PM office's adviser said.
India, the world's third-largest crude oil importer, which depended on the Middle East for nearly half of its crude oil imports before the war, has been paying a high price for alternative crude supplies since the Iran war began.
India launched in June a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program to reduce dependence on imported oil.
#kapoor
3 hours ago
