PIB Press Releases

Biofuels have a huge role to play in the Energy Quadrilemma: Secretary MoP and NG

G20 countries can collaborate to achieve biofuels' full potential

Secretary, Ministry of Petroleum and Natural Gas, Shri Pankaj Jain highlighted the role of Biofuels and the importance of G20 country’s 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 sidelines of the 3rd Energy Transition Working Group Meeting in Mumbai on 15th May 2023.

Shri Pankaj Jain, Secretary (MoPNG), 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.

(Secretary MoPNG making a keynote address at “Seminar on Biofuels” on the sidelines of 3rd Energy Transition Working group meeting in Mumbai, Maharashtra)

Secretary Petroleum 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 Shri 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, and 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.

Disclaimer: This is an official press release by pib.

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