{"id":24593,"date":"2023-09-11T09:36:41","date_gmt":"2023-09-11T09:36:41","guid":{"rendered":"https:\/\/financialtelegraph.in\/index.php\/2023\/09\/11\/accelerating-green-economy-with-vision-of-net-zero-in-2070-more-than-rs-2000crores-are-being-invested-in-biodiesel-sector-in-the-country-in-fy-23-24\/"},"modified":"2023-09-11T09:36:41","modified_gmt":"2023-09-11T09:36:41","slug":"accelerating-green-economy-with-vision-of-net-zero-in-2070-more-than-rs-2000crores-are-being-invested-in-biodiesel-sector-in-the-country-in-fy-23-24","status":"publish","type":"post","link":"https:\/\/financialtelegraph.in\/index.php\/2023\/09\/11\/accelerating-green-economy-with-vision-of-net-zero-in-2070-more-than-rs-2000crores-are-being-invested-in-biodiesel-sector-in-the-country-in-fy-23-24\/","title":{"rendered":"Accelerating Green Economy with Vision of Net Zero in 2070, more than Rs 2000crores are being invested in biodiesel sector in the country in FY-23-24"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" width=\"900\" height=\"600\" src=\"https:\/\/financialtelegraph.in\/wp-content\/uploads\/2023\/09\/NWGreen.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" srcset=\"https:\/\/financialtelegraph.in\/wp-content\/uploads\/2023\/09\/NWGreen.jpg 900w, https:\/\/pnndigital.com\/wp-content\/uploads\/2023\/09\/NWGreen-300x200.jpg 300w, https:\/\/pnndigital.com\/wp-content\/uploads\/2023\/09\/NWGreen-768x512.jpg 768w, https:\/\/pnndigital.com\/wp-content\/uploads\/2023\/09\/NWGreen-150x100.jpg 150w, https:\/\/pnndigital.com\/wp-content\/uploads\/2023\/09\/NWGreen-450x300.jpg 450w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\"><\/p>\n<ul>\n<li><em>As per Finance Ministry notification no. 15\/2023 dated 31st march 2023 Biodiesel<br \/>blending will be Mandatory from 1st April 2024 leading to more than 100 Biodiesel<br \/>Plants that are expected to commence supplies during the next one year with an average investment of Rs. 2000 crores<\/em><\/li>\n<\/ul>\n<ul>\n<li><em>About 61 biodiesel plants are already registered with OMCs and new capacities are<br \/>under various stages of Erection and commissioning take the total biodiesel capacity to 2 million Tons per year<\/em><\/li>\n<\/ul>\n<ul>\n<li><em>About 25Cr Liters of Biodiesel have been supplied post COVID for the National<br \/>Biodiesel blending program and Bio Diesel Association of India sets target of 100 crore Litre during year 23-24 to OMCs.<\/em><\/li>\n<\/ul>\n<p><strong>New Delhi (India), September 11: <\/strong>Green economy is being continuously prioritized by the<br \/>central government by targeting the vision of net zero in the year 2070. Biodiesel has<br \/>emerged the key tool for Air pollution mitigation and emphasis is on indigenous<br \/>feedstock. Finance Ministry notification no. 15\/2023 dated 31st\u00a0march 2023 mandates<br \/>Biodiesel blending from 1st\u00a0April 2024. The OMCs and Biodiesel Industry are creating<br \/>required infrastructure to meet this demand. The Biodiesel demand has seen an<br \/>average doubling in the last one year and large-scale investment is being made by<br \/>MSME sector due to anticipated demand by oil companies. Dharamveer Singh<br \/>Rajpurohit, Vice President of Biodiesel Association of India has indicated that more than<br \/>100 new plants will be started in the country within the next one year with an average<br \/>investment of Rs. 2000 crores.<br \/>India\u2019s proposal for a global alliance on biofuels at the G20 summit being held in the<br \/>country aims to boost sustainable biofuels as part of global energy. Sustainable biofuels<br \/>can increase energy security, open new opportunities for domestic industries and create<br \/>green jobs. Recently, a new managing committee of Biodiesel Association of India has<br \/>been formed in which shri SK Mondal has been elected as President, Dharamvir Singh<br \/>Rajpurohit as Vice President and Brij Shah, Sarad Agrawal &amp; Yatin Saggar as<br \/>Members.<br \/>Newly Elected Vice President of BioDiesel Association of India Mr. Dharamvir Singh<br \/>Rajpurohit said that,\u00a0\u201cSustainable biofuels can increase energy security, open new<br \/>opportunities for domestic industries and create green jobs. We committed the<\/p>\n<p>Government to provide 100 Crore Litre Biodiesel in FY23-24. In the Next 1 Year 100<br \/>Plants are coming up in Maharashtra, Delhi, South, Gujarat, Rajasthan and many more<br \/>and there will be an investment of approx. Rs.2000 crore. E-Diesel Biofuels Pvt Ltd.\u2019s<br \/>largest biofuel plant in the country at Nadiad (Gujarat) will also see an investment of Rs<br \/>150 crore and capacity of Daily 10 lakh litre production to double the production<br \/>capacity.<br \/>BDAI has been supporting the G20 initiative of the Government and participated at Goa,<br \/>Mumbai and Delhi displaying its commitment to national vision of net zero by 2070. The<br \/>country\u2019s top oil companies like BPCL, HPCL and IOCL have been buying about 5-10<br \/>crore Liters biodiesel annually during the pre-COVID era which will now increase multi-<br \/>folds in near future.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As per Finance Ministry notification no. 15\/2023 dated 31st march 2023 Biodieselblending will be Mandatory from 1st April 2024 leading to more than 100 BiodieselPlants that are expected to commence &hellip; <a href=\"https:\/\/financialtelegraph.in\/index.php\/2023\/09\/11\/accelerating-green-economy-with-vision-of-net-zero-in-2070-more-than-rs-2000crores-are-being-invested-in-biodiesel-sector-in-the-country-in-fy-23-24\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":24594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[448],"class_list":["post-24593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","entry"],"_links":{"self":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/24593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/comments?post=24593"}],"version-history":[{"count":0,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/posts\/24593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media\/24594"}],"wp:attachment":[{"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/media?parent=24593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/categories?post=24593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialtelegraph.in\/index.php\/wp-json\/wp\/v2\/tags?post=24593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}