India rising to the top of the bioeconomy

September 24, 2018 |

The issues and the solutions

For many of the issues that face India, many though not all find solutions in the bioeconomy. Especially in focus: the search for jobs, mitigation of the net emissions created by transport, and creating more insulation for the Indian economy against the rollercoaster of petroleum prices via diversification of the energy supply.

Diversification in the power side of energy has proven to provide remarkable price stability. There’s natural gas, petroleum, biomass, nuclear, coal, solar, wind, geothermal and hydro — the management of supply has led to price stability for the demand side. Generally, most economists agree that greater levels of certainty leads to greater acceptance of the risks of innovation, and powers growth. And India, oh my, has seen its economy grow. But transport remains far more dependent on one source, and costs rise and fall with every price signal out of OPEC.

Now, India is a refining nation and a consuming nation when it comes to petroleum, but not really a producer. So, the Ministry of Petroleum & Natural Gas is more open to alternatives than ministries in producer nations.

Hence, an excited note from the ministry’s chairman of the working group on biofuels, Y.B. Ramakrishna, last week at the advent of India’s first biofuels flight.

“We are having the India’s first flight with 25% bio Jet fuel being test flown between Dehradun and Delhi on 27th Aug. Myself and Dr. Anjan Ray will be on it. Hon. Ministers Shri. Dharmendra Pradhan and Shri Nitin Gadkari will receive us at Delhi airport followed by a press conference. The Bio Jet fuel is produced with indigenous technology developed at IIP, Dehradun. Bio Jet is produced from Jatropha oil.”

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