The Business Bytes
TBB BUREAU
NEW DELHI, MAY 18, 2023
Union Secretary in the Ministry of Petroleum and Natural Gas Pankaj Jain highlighted the role of Biofuels and the importance of G20 countries collaboration in achieving the full potential of biofuels, for a cleaner and greener tomorrow. He was addressing the Global Biofuel Alliance Seminar, organised by MoP&NG on the side lines of the 3rd Energy Transition Working Group Meeting in Mumbai on Monday.
Jain, in his keynote address, focused on the untapped potential in biofuels and its increasing appeal from clean energy transition, wide-ranging application, techno-commercial viability, and financing standpoints.
He also laid emphasis on the importance of biofuels in boosting economic prosperity, energy security, access, and affordability while being sustainable and supporting decarbonization. “Technology advancements provide multiple biofuel feedstock options (i.e., sugarcane, corn, agriculture waste, bamboo, etc.)and further cooperation across G20 nations can help in further development of the Global Bio-fuels market and realize biofuels’ full potential”, added Jain.
The all-important seminar had a gathering of Chairpersons and executives from several Oil & Gas majors and leaders from numerous international energy organizations like IEA, Total Energies, Shell, Lanzatech, SHV Energy Futuria elaborated on pertinent technologies, use cases, partnerships, and business potential. The forum widely acknowledged the expanding bio-fuel relevance (e.g., SAF alcohol to jet, biodiesel, and compressed biogas aligned to ethanol production, renewable DME, etc.).
The seminar witnessed whole-hearted participation and encouragement from the Oil & Gas Industry, international organizations such as IEA and Biofuture platform, representatives of G20 countries, industry bodies such as CII and ASSOCHAM, major automobile manufacturers, producers, and significant technology providers well as their associations.
