Last week, the prime minister had said that 10 per cent ethanol blending has saved about Rs 50,000 crore in foreign exchange, reduced greenhouse gas emissions and gave farmers an alternative source of income.
PM Modi addressing the nation on Independence Day (PTI)
Prime Minister Narendra Modi addressed the nation on Independence Day on Monday. in his speech PM Modi Mentioned India’s energy needs and complete planning to meet them. India is the third country in the world that imports and uses the largest amount of oil. To reduce this import, India is looking at different types of alternative fuel sources. One of these is ethanol which is being mixed with petrol. The Prime Minister said that the work of mixing 10% ethanol in petrol has been completed before its scheduled time. It will see more speed in the coming time.
Addressing the nation from the ramparts of the Red Fort on the 76th Independence Day, Prime Minister Narendra Modi emphasized on making the country self-reliant in the field of energy. India is a country whose oil demand is met by 85% imports. Same is the case with gas. 50% of the gas demand is met from foreign imports. In view of this, the Prime Minister appealed to focus on alternative fuel sources. He called for emphasis on electric vehicles instead of vehicles running on hydrogen and petrol-diesel, instead of oil or gas. “From solar energy to mission hydrogen and adoption of electric vehicles, we need to take these initiatives for energy independence to the next level,” the Prime Minister said.
What are the benefits of ethanol blending
The biggest success in this area has been found in mixing ethanol with petrol, which is called blending. The government has achieved the target of mixing 90 percent petrol and 10 percent ethanol in the month of June, while its schedule was November 2022. In view of this success, the government has fixed the year 2025 by shifting the target of mixing 20% ethanol a little earlier. Last week, the prime minister had said that 10 per cent ethanol blending has saved about Rs 50,000 crore in foreign exchange, reduced greenhouse gas emissions and gave farmers an alternative source of income.
India is the 5th largest country in the world in the production of ethanol. America, Brazil, European Union and China come before this. Ethanol in India is made from sugarcane. Ethanol is used for consumption in most countries, but India and Brazil also mix it with petrol. If ethanol is mixed with up to 20% ethanol in petrol in India, then $ 4 billion can be saved every year.
How much saving by mixing ethanol
There will be two benefits of mixing ethanol in petrol. First, the dependence on imported oil will be reduced and billions of rupees will be saved. Second, ethanol can be made from surplus rice and broken food grains in the country. We will not need to buy or buy separate raw material to make ethanol. According to the Oil Ministry, 20 lakh tonnes of crude oil has been saved by mixing ethanol in petrol. This figure is from the beginning of this financial year. There was a saving of 21 lakh tonnes in 2020-21 and 1.3 million tonnes a year before that, while the figure for 2013-14 was 2 lakh tonnes.