India to present global biofuel alliance to G20 – oil minister


NEW DELHI, Oct 19 (Reuters) – India plans to launch a global biofuels alliance among members of the Group of 20 major economies, Oil Minister Hardeep Singh Puri said on Wednesday, as India’s third-largest consumer oil in the world is trying to stimulate the use of cleaner fuels.

India will take over from Indonesia in December as chair of the group, also known as the G20. New Delhi will host a meeting of member nations in September next year.

“We will use our presidency of the G20 to try to set up an international alliance on biofuels,” Puri said at the International Biofuels Conference.

India’s plan to set up a biofuel alliance mirrors the International Solar Alliance launched by New Delhi and Paris in 2015 to bring clean and affordable solar energy within reach.

“We have enough countries in the world that produce biofuels, so if you get the ecosystem around it, in terms of standards, flexi-fuel engines…I think we’re on the right track to put set up an international alliance,” he said.

India, also the world’s third-largest oil importer, ships about 85% of its crude needs, but is gradually building capacity to increase biofuel production.

The South Asian nation plans to build 12 bio-refineries to produce fuel from items such as crop stubble, vegetable waste and municipal solid waste.

India plans to introduce 20% ethanol blended with gasoline in parts of the country from April next year, followed by nationwide rollout from 2025/26

Prime Minister Narendra Modi has set a goal of net zero carbon emissions for 2070.

Reporting by Mohi Narayan; Editing by Nidhi Verma and Bernadette Baum


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