{"id":420051,"date":"2021-06-14T08:31:34","date_gmt":"2021-06-14T03:01:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420051"},"modified":"2021-06-14T08:49:38","modified_gmt":"2021-06-14T03:19:38","slug":"ethanol-blending-indias-rs-50000-cr-bet-to-cut-dependence-on-foreign-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ethanol-blending-indias-rs-50000-cr-bet-to-cut-dependence-on-foreign-oil\/","title":{"rendered":"Ethanol blending: India&#8217;s Rs 50,000 cr bet to cut dependence on foreign oil"},"content":{"rendered":"<p>India is set to spend almost $7 billion to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil.<\/p>\n<p>About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India\u2019s Oil Secretary Tarun Kapoor said in an interview with Bloomberg Television on Friday. <\/p>\n<p>That\u2019s triple the amount of ethanol that\u2019ll go into the mix as compared to the year ending November 2021, when ethanol constitutes 9% of blended gasoline, he said. The move will require about Rs 50,000 crore of investment to build new bio-refineries. <\/p>\n<p>Earlier this month, Prime Minister Narendra Modi advanced the nation\u2019s target of making gasoline with 20% ethanol by five years to 2025 in a move that\u2019s expected to save $4 billion annually.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is set to spend almost $7 billion to boost ethanol production as it prepares to roll out a greener mix of gasoline that may cut its dependence on foreign oil. About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India\u2019s Oil Secretary Tarun Kapoor said in an interview with Bloomberg Television on Friday. That\u2019s triple the amount of ethanol that\u2019ll go into the mix as compared to the year ending November 2021, when ethanol constitutes 9% of blended gasoline, he said. The move will require about Rs 50,000 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-420051","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420051"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420051\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}