Prime Minister inaugurated India Energy Week (IEW) 2023 in Bengaluru, Karnataka, on 6th Feb 2023. As part of the event, he also Launched E20 Fuel and Flagged off Green Mobility Rally organised by Hindustan Petroleum Corporation Limited on behalf of Oil & Gas PSUs and PLL.
Key points
- In line with the Ethanol Blending roadmap, Prime Minister launched E20 fuel at 84 Retail Outlets of Oil Marketing Companies in 11 States/UTs. E20 is a blend of 20% ethanol with petrol.
- The Government aims to achieve a complete 20% blending of ethanol by 2025, and HPCL and other oil marketing companies are setting up 2G-3G ethanol plants that will facilitate the progress.
- Ethanol Blending programme has been a key focus areas of the Government to achieve Aatmanirbharta in the field of energy.
- Ethanol production capacity has seen a six times increase since 2013-14.
- The achievements in the course of last eight years under under Ethanol Blending Program & Biofuels Program have not only augmented India’s energy security but have also resulted in a host of other benefits including reduction of 318 Lakh Metric Tonnes of CO2 emissions and foreign exchange savings of around Rs 54,000 crore.
- As a result, there has been payment of around Rs 81,800 crore towards ethanol supplies during 2014 to 2022 and transfer of more than Rs 49,000 crore to farmers.
