By Shiva Vig
Biodiesel can be used in standard diesel engines and is compatible with almost all regular engines. Compared to fossil-fuel alternatives, it helps to reduce greenhouse gas (GHG) pollution and support economic development and job creation, particularly in rural areas. Also, it comes at a lesser cost.
Are we ready to produce enough biodiesel?
The awareness about biodiesel is rising, but its adoption at a larger level will take time. The current scenario is witnessing demand but meeting supply is a challenge due to the unavailability of feedstock for conversion into biofuel and, bigger and efficient biofuel plants in the country.
The industry is optimistic that the 2020-21 Union Budget will put ample focus on the biodiesel industry aligned with the government's mission to provide cleaner and greener fuel. We are hopeful that there will be enough fund allocation for establishing an effective framework to meet the demand of biodiesel in the country.
Oil and energy industry players request the government to consider the following demands:
(Author is Group CEO, BioD Energy)