The future is green for biofuels

Bio-ethanol industry set to see investments worth Rs 30,000 crore

With the ministry of petroleum and natural gas trying to bring down the import of crude oil by betting big on biofuels as a substitute, the bioethanol industry is set to see investments worth about Rs 30,000 crore in the next three to four years in 28 second-generation bioethanol plants.

Of the 28, 16 will be in the private sector and 12 in the public sector.

State-run companies such as Hindustan Petroleum Corporation (four), Indian Oil Corporation (three), Bharat Petroleum Corporation (three), Mangalore Refinery & Petrochemicals (one) and the Numaligarh refinery (one) are ready with their road map in this