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Indian government warns oil companies not to miss ethanol blending targets, or face fines

In India, new developments on the subcontinent include a warming to oil companies not to fail in meeting the E5 ethanol blending mandate, and a request from sugar producers for a higher fixed price for theethanol they are providing to meet the mandate. The sugar fims have indicated that the fixed $1.73 price negotiated in [...]

Indian Oil becomes fifth oil major, first NOC, to join algal fuels race; signs with PetroAlgae

In India, Indian Oil Company became the fifth oil major and first national oil company (NOC) to decisively enter the algal fuel race, signing a MOU to enter into an agreement with PetroAlgae to license micro-crop technology for the large-scale production of renewable fuels.
The announcement is also the first between an oil major and an [...]

Study projects strong uptick in Indian biofuels demand, Praj indicates exports strong

In India, the Emerging Biofuel Market in India report is projecting strong growth in the country through 2018 as the impact government mandates and rising oil prices drive demand, with ethanol consumption is predicted to grow at a faster pace during the forecast period (2009-2018). A free sample of the report is available  here
Praj CEO [...]

Indian States Fast-track Jatropha 2.0, a special Biofuels Digest report

By Biofuels Digest special correspondent Joelle Brink
Despite the Indian Government’s official go-slow policy on Jatropha, several Indian states are now planting the crop in a big way. These are not the old style monoculture plantations that led to the central government’s recent Jatropha policy review. Rather, they are evidence that the initial findings of the [...]

India to impose $2.78 blender price for biodiesel in bid to revive industry

In India, the Business Standard is reporting that the national government has agreed on a price of 34 rupees per liter of petrol ($2.78 per US gallon) for the purchase of biodiesel by oil marketers, in order to revive and stabilize a biodiesel industry now running at 5 percent of capacity.
The Standard said that lack [...]

India biofuels market to grow 4% per year through 2018: new study

In India, Research & Markets is projecting an annual growth rate for the Indian biofuels market at 4% through 2018. Findings are contained in the company’s “Emerging Biofuel Market in India” report. The report factors in strong growth in biodiesel, but ethanol production and consumption continues to be the strong driver for Indian biofuels to [...]

Indian renewables stocks rallying and more to come, says Times

In India, biofuels stocks have been rallying, led by Praj Industries which has risen from $1.93 to the $2.20 level in recent trading, and the Economic Times of India is recommending in a report that buyers should enter the Praj trading market at $2.18 with a stop loss at $2.10 and a target price of [...]

Special update on Indian rail industry and alternative fuels

In India, Biofuels Digest special correspondent Joelle Brink filed this note on development of alternative fuels for the Indian rail market:
“India currently has access to a lot of natural gas that it is using as a transition fuel, as well as for export. Several years ago the Ambani family-owned oil major Reliance Petroleum made one [...]

Remfuel Bioenergy: 50 Hottest Companies in Bioenergy candidate profile

Remfuel Bioenergy
Based in: India
2008-09 ranking: Unranked
Business: Developing biofuel technologies, which eliminate transesterification for straight vegetable oil (SVO), animal fat oil and algal oil. REMB-1 is based on a new biodiesel source, which generates multi-fold income to the farmer compared to traditional biodiesel sources like Jatropha and requires no transesterification. The cultivation of this tree [...]

Indian Railways may build first biodiesel plant in Karnataka state

In India, the Business Standard is reporting that the one of the 1.93 Mgy biodiesel facilities that will be established by Indian Railways will be located in Yelahanka, in Karnataka state. The report suggested that the plant will be in operation by mid 2010, and will enable Indian Railways to convert trains to biodiesel, as [...]