The oil and gas sector is among the eight core industries in India and impacts other important sections and sectors of the economy.In May 2018, the Union Cabinet of India approved a National Policy on Biofuels to align the growing sector in India.
Biofuels, designed to replace fossil fuels, are biological products with fuel value produced through biological processes from plants, animal wastes or algae etc. e.g. Ethanol, Biodiesel (vegetable oils and liquid animal fats), Green diesel (derived from algae etc.), Biogas, Biojet fuel etc. Globally, biofuels have caught the attention in last decade and advocated as cost effective and environment friendly energy alternative. The growth of biofuels is mainly attributed to rising petroleum prices and increased concern over the contributions made by fossil fuels to global warming or climate change. Increasing fossil fuel prices, energy security concerns and environmental consciousness – especially related to climate change – have motivated countries to explore alternative energy sources including biofuels.
There are developmentstaking place, in advanced second-generation biofuels made from non-food feedstocks, such as municipal waste, algae, perennial grasses, and wood chips. These fuels include cellulosic ethanol, bio-butanol, methanol and a number of synthetic gasoline/diesel equivalents. Biofuels remain an available source of clean, renewable transportation energy.
Biofuels have great potential in following developmental sectors:
2. Power Generation
4. Rural economy
Biomass is defined as living or recently dead organisms and any byproducts of those organisms, plant or animal. The term is generally understood to exclude coal, oil, and other fossilized remnants of organisms, as well as soils. In this strict sense, biomass encompasses all living things. In the context of biomass energy, however, the term refers to those crops, residues, and other biological materials that can be used as a substitute for fossil fuels in the production of energy and other products. Living biomass takes in carbon as it grows and releases this carbon when used for energy, resulting in a carbon-neutral cycle that does not increase the atmospheric concentration of greenhouse gases.Biomass can be used to produce renewable electricity, thermal energy, or transportation fuels (biofuels).
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