PM Modi, Auto News, ET Auto

PM Modi, Auto News, ET Auto

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INR 50,000 crore forex saved by blending ethanol with petrol in 7-8 years: PM Modi

PANIPAT: Prime Minister Narendra Modi on Wednesday stated the nation saved INR 50,000 crore in overseas change by mixing ethanol with petrol within the final seven-eight years.

Dedicating the second-generation ethanol plant of India Oil Company to the nation right here, Modi stated that the identical quantity of INR 50,000 crore has gone to farmers.

Modi, who addressed the gathering via video-conferencing, stated the ethanol plant price INR 900 crore will present a everlasting resolution to the issue of stubble burning in farms.

Moreover, stubble will turn out to be a supply of earnings for farmers, Modi stated, including that ethanol manufacturing has elevated from 40 crore litres to 400 crore litres in eight years.

He stated that the second-generation ethanol plant at Panipat will assist scale back air pollution in Haryana and Delhi. Second-generation ethanol plant makes use of non-food biomass as feedstock for the manufacturing of biofuel.

The undertaking will utilise 2 lakh tonnes of rice straw to generate round 3 crore litres of ethanol yearly. It is going to additionally lead to a discount within the emission of greenhouse gases.

The plant will strengthen the efforts to spice up manufacturing and utilization of biofuels and can immensely assist our farmers, the Prime Minister stated. On clear fuels, Modi stated that 75 per cent of households will get piped gasoline provide in a number of years.

“E20 petrol (petrol blended with 20 per cent ethanol) in some amount might be obtainable from April 2023 and the remainder to be coated by 2025,” he stated.

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