Formulation of Policies on Methanol, Ethanol Soon to Come Out: Nitin Gadkari
Nitin Gadkari, Union Minister stated today that, the government is expected to soon come out with policies on 2nd generation methanol and ethanol which is likely to bring down the crude import bill by Rs 1 lakh crore.
He also stated that, this move is expected to create an industry worth Rs 1 lakh crore as well as provide employment opportunities to over 25 lakh youths.
Gadkari said it was decided to take 2nd generation ethanol production on mission mode as India accounted for a huge Rs 6 lakh crore imports bill on crude per annum and exploring and generating indigenous alternative would cut crude imports by at least Rs 1 lakh crore.
The Minister also stated that, the government can make 2nd generation ethanol from cotton, bamboo, wheat straw, straw, bagass, rice straw, etc. which in turn would create employment opportunities for 25 lakh rural youth.
Bio-fuel is not only cost-effective but a pollution free import substitute, he added.
Because of surplus cola production, it has also been decided to promote methanol output and Petroleum Ministry will also bring a policy for production of methanol from coal, Gadkari said.
Nitin Gadkari addressed opportunistic politicians aligning with the ruling BJP as a "decline in ideology." Nitin Gadkari commented on politicians Read more
