Biofuel

Investments worth Rs 1,850 crore have been committed in the biogas sector during the Renewable Energy India (REI) Expo 2024, held from October 3-5 in Greater Noida, a top official of Indian Biogas Association (IBA) said. "The IBA has secured anticipated investment commitments totaling Rs 1,850 crore through joint ventures (JVs), MoUs, and letters of intent (LoIs) at the recently concluded Renewable Energy India (REI) Expo 2024, held from October 3 to 5 in Greater Noida," IBA Chairman Gaurav Kedia told PTI. Kedia said a total of 47 exhibitors representing 10 biogas producing nations took part in the REI Expo. These investments, set to be realised over 2-3 years, reflect strong international interest, particularly from countries such as Germany, Sweden, and the UK, he said. "We have signed MoUs (memorandum of understanding) worth over Rs 900 crore for joint ventures and received almost 50 LoIs (letter of intends) for establishing compressed biogas plants in India," Kedia said. Found

The Central Potato Research Institute is expected to start a plant to convert potato waste into ethanol by targeting peels and the starch from potato washing water as key components for conversion

The government's Bio-E3 policy marks a crucial step in positioning India as a global bio-economy leader and is set to spark a "bio-revolution" in India similar to the IT revolution in the western world, Union minister Jitendra Singh said on Thursday. The BioE3 policy was formally launched last month and aims to facilitate sustainable and efficient utilisation of biological resources for innovation, scaling-up and bio-manufacturing of specialty chemicals, enzymes, bio-polymers, functional foods, smart proteins, veterinary products, precision bio-therapeutics and services. Speaking at the Global Bio-India Summit 2024, Singh said the policy marks a crucial step in positioning India as a global bio-economy leader. The Minister of State (Independent Charge) for Science and Technology also highlighted the importance of the Global Biotech platform, which brings together a diverse range of stakeholders, including start ups, SMEs, large industries, research institutes, and international ...

The initial public offer of Shubhshree Biofuels Energy got subscribed by a whopping 119.37 times on the last day of subscription on Wednesday. The public offer of Shubhshree Biofuels Energy received bids for 11,91,82,800 shares against 9,98,400 shares on offer, according to the NSE data. The initial public offering (IPO) of Shubhshree Biofuels Energy is entirely a fresh issue of 13.92 lakh shares. The company had fixed a price band at Rs 113-119 a share. The company intends to utilise the proceeds of IPO to fund the capital expenditure towards the installation of additional plant and machinery, to meet the working capital requirements, and general corporate purpose. Established in 2013, Jaipur-based Shubhshree Biofuels Energy supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors. Meanwhile, the Rs 45.88-crore IPO of Aditya Ultra Steel subscribed 10.22 times on the f

Goa Chief Minister Pramod Sawant on Saturday advocated using biofuels to create a future with clean, accessible and sustainable energy. World Biofuel Day is observed on August 10 to create awareness about biofuels made from agricultural waste, animal waste, algae, trees, crops, etc, which are a cleaner alternative to fossil fuels. In a post on 'X', Sawant said, "Biofuels, made from organic matter, offer a cleaner, greener alternative to fossil fuels, reducing greenhouse gas emission and mitigating climate change." "On this #WorldBioFuelDay, let us pledge to harness the potential of biofuels to create a future with clean, accessible and sustainable energy for all," he wrote.

Union Road Transport Minister Nitin Gadkari on Wednesday said the government will allow mixing of lignin up to 35 per cent in petroleum-based bitumen, a large part of which is imported from other countries. Bitumen is a black substance produced through the distillation of crude oil and is widely used for making roads and roofs. "We have the largest road network in the world. 90 per cent of roads are using bituminous layers. Bitumen consumption in 2023-24 was 88 lakh tonnes. In 2024-25 it is expected to be 100 lakh tonnes. 50 per cent of the bitumen is imported. And annual import cost is Rs 25,000-30,000 crore," Gadkari said while replying to questions in Rajya Sabha. The minister said the farmers are now not only producing foodgrains but they have become energy producers. Central Road Research Institute (CRRI) and the Indian Institute of Petroleum, Dehradun, had developed bio-bitumen from paddy straw. The minister expressed concern that there is a problem of air pollution in Delhi

It is rare for companies to suspend development of projects underway. Rival BP last week said it is pausing two biofuel projects in Germany and the United States

Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Saturday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed initial share-sale is a combination of fresh issue of equity shares worth Rs 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares by promoters and an investor according to the draft red herring prospectus (DRHP). Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route. Proceeds from the fresh issue to the tune of Rs 240 crore will be used for debt payment and the remaining amount for general corporate purposes. The Maharashtra-based Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India. The company's diversified product portfolio comprises bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, ...

The world's second-largest aviation market, with about 11 per cent of global jet fuel use, China is expected to unveil this year its policy on sustainable aviation fuel (SAF) use for 2030

TruAlt Bioenergy, which is among the largest biofuel players, is planning to expand its capacity by 2.7 lakh litres per day by next fiscal and will invest around Rs 600 crore to set up more plants. The Bengaluru-based company is also expecting around 30 per cent revenue growth this fiscal year. TruAlt is primarily into biofuels such as 1G ethanol, 2G ethanol, compressed biogas, sustainable aviation fuel, fermented organic manure, and green hydrogen. It operates five 1G ethanol units with a capacity of 2 million litres per day, making it the country's largest ethanol producer while its compressed biogas capacity is 10 tonne per day. "We are planning to augment our biofuel capacity by 2.7 lakh tonne per day. We will set up 10 more plants, taking our total to 15 and we envisage around Rs 600 crore investment towards this and these plants will come up in Bijapur in Karnataka and Pune and should be commissioned next fiscal," Vijay Nirani, founder and managing director of TruAlt, told ..

While Seychelles joined the India-led Global Biofuel Alliance last year, it has yet to begin using the alternative fuel

Country commits to increasing LNG imports as it separately invests in clean energy

Authorities are studying a proposal to restrict the use of sugar-cane juice to produce biofuel for the current season, according to people familiar with the matter

Bureau of Indian Standards (BIS) on Monday said it has developed as many as nine standards on biofuels, and is in the process of developing a standard on paraffinic (green) diesel. BIS Director General Pramod Kumar Tiwari said, these standards will significantly complement the objectives of Global Biofuel Alliance (GBA), the multilateral forum announced by Prime Minister Narendra Modi during the G20 leaders' summit held recently in the national capital. "We are committed to support this path breaking initiative of the government through development of relevant Indian Standards and necessary quality parameters/performance specifications," he said in a statement. He said development of standard on paraffinic (green) diesel, that is derived from second generation (2G) feedstock, is also under progress. BIS is a national standards body of India that works under the aegis of the Food and Consumer Affairs Ministry. According to the BIS, the USA, Brazil, and India are the major producers

TMS Ep525: Women in economy, biofuel push, PSU stocks, Five Eyes alliance

Why don't Indian women have a fair share in the economy? Are Indian OEMs shying away from the biofuel push? Can the rally in PSU stocks run out of steam? What is the Five Eyes alliance? Answers here

Last week, Union Ministers had called for quick adoption of biofuels in the transportation sector

India has enough feedstock, 1 percent blend will benefit 5 lakh farmers, Union Minister Hardeep Singh Puri told Business Standard

President Droupadi Murmu on Wednesday said the Global Biofuel Alliance launched during the recently concluded G20 summit is an important step taken under India's leadership after the International Solar Alliance, noting that new and renewable sources will help in making the country self-reliant in the energy sector. Murmu was addressing the Gujarat assembly here after inaugurating its National e-Vidhan Application (NeVA) project. She said the entire world is experiencing the negative effects of climate change and global warming, mainly caused by the use of fossil fuels. "To tackle this situation, G20 nations under India's presidency have agreed to reduce the emission of greenhouse gases by 43 per cent by 2030. This resolution by G20 nations is significant because the contribution of G20 nations in the total emission is nearly 80 per cent," Murmu said. "Use of fossil fuels plays a key role in polluting the environment. That is the reason why we should promote new and renewable energ

Acting as a counter to the OPEC grouping on biofuels, the GBA will help in advancing interests of large fossil fuel importers like India, the minister said

Rooted in India's call for sustainable growth, many initiatives call for environmental sustainability