India’s biofuel industry to get a big push with $2.25 billion in investment by 2020

In India, the biofuels industry is set to invest $2.25 billion in new projects over the next few years to build up the industry’s value towards $7.5 billion by 2022 thanks to the new policies coming into place that will boost production of cellulosic ethanol and biodiesel. A subsidiary of Bharat Petroleum Corporation announced it would build a 300,000 metric ton biofuel plant, Praj said it would build multiple biorefinery projects valued at $142 million, CVC Biorefinery will set up two projects in Gujarat and Punjab while Munzer Biofuel will set up a biodiesel plant in Mumbai.