Through ethanol blending in petrol India saved around Rs 50,000 crores from being spent on imports: PM Modi

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New Delhi: Prime Minister Narendra Modi today, on World biofuel day, inaugurated Indian Oil 2G ethanol plant at Panipat Refinery through video conferencing. The plant has been set up in Panipat of Haryana to strengthen the efforts to boost the production and usage of biofuels in the country.

After inaugurating the plant, PM said, “Facilities for transportation of cut-out stubble are being made, new bio-fuel plants are being set up, this will provide employment and give rise to new opportunities. All villagers, farmers will be benefitted. This was also reduce challenges of pollution in the country.”

The 2G Ethanol Plant has been built at an estimated cost of over Rs. 900 crore by Indian Oil Corporation Ltd. (IOCL) and is located close to the Panipat Refinery.

Based on state-of-the-art indigenous technology, the project will turn a new chapter in India’s waste-to-wealth endeavours by utilising about 2 lakh tonnes of rice straw (parali) annually to generate around 3 crore litres of Ethanol annually.

Sharing the importance of ethanol, he said, “In our country that worships nature, biofuel is significant for protecting nature. Our farmers understand this better. Biofuel for us means green fuel that saves the environment. 2G Ethanol Plant in Panipat will help boost production and usage of biofuels in the country and will also help in reducing pollution in the Haryana & Delhi.

“The ethanol plant will help in usage of the crop stubble that was earlier burnt. From cutting of the stubble to its usage in the plants, will all be done through the use of new technologies. Through ethanol blending in petrol we have been able to save around Rs. 50,000 crores from being spent on imports in the last 7 to 8 years. The same money has now been used for the benefit of farmers in India,” Modi further added.

 

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