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Ethanol blending percentage surges from 1.53 pc in 2014 to 15 pc in 2024: Hardeep Puri
The Business Guardian
|September 03, 2024
The opening session of the India Bio-Energy & Tech Expo 2024 (IBETE), Hardeep Singh Puri, the Minister for Petroleum and Natural Gas, mentioned that the ethanol blending percentage has risen from 1.53 per cent in 2014 to 15 per cent in 2024.
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According to the Ministry of Petrolium and Natural Gas, the government has set a goal of reaching 20 per cent blending by 2025 and is making strides towards this target. Over the past decade, this initiative has yielded substantial benefits, such as saving Rs 99,014 crore in foreign exchange, cutting CO2 emissions by 519 lakh metric tons, and substituting 173 lakh metric tonnes of crude oil.
The program has also made a significant economic impact, with Oil Marketing Companies paying out Rs. 1,45,930 crore to distillers and Rs 87,558 crore to farmers.
This story is from the September 03, 2024 edition of The Business Guardian.
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