Rajpurohit says sustainable biofuels can increase energy security
More than 100 new Biodiesel plants will be started in the country within the next one year with an average investment of Rs.2,000 crores, according to Dharamveer Singh Rajpurohit, Vice President of Biodiesel Association of India (BDAI).
The Biodiesel demand has seen an average doubling in the last one year and large-scale investment is being made by MSME sector due to anticipated demand by oil companies, he said on 9 Sept 2023.
Sustainable biofuels can increase energy security, open new opportunities for domestic industries and create green jobs, he added.
The newly elected Vice President of BDAI Rajpurohit said, “Sustainable biofuels can increase energy security, open new opportunities for domestic industries and create green jobs.
“We committed the Government to provide 100 crore Litre Biodiesel in FY23-24. In the next one year, 100 plants are coming up in Maharashtra, Delhi, South, Gujarat, Rajasthan and many more and there will be an investment of approx. Rs.2000 crore.”
BDAI has been supporting the G20 initiative of the Government and participated at Goa, Mumbai and Delhi displaying its commitment to national vision of net zero by 2070.
The country’s top oil companies like BPCL, HPCL and IOCL have been buying about 5-10 crore liters biodiesel annually during the pre-COVID era which will now increase multi-folds in near future, he said. fiinews.com
