“Our proposal is to take an initiative at a global level to take ethanol blending in petrol up to 20%. Or alternatively, we could work on developing another blending mix for the greater global good, one that ensures a stable energy supply while also contributing to climate security. In this context, today, we are launching the Global Biofuel Alliance,” says the PM, while launching the GBA along with the leaders of Singapore, Bangladesh, Italy, USA, Brazil, Argentina, Mauritius and UAE, on the sidelines of the G20 Summit in New Delhi.

Brazil, India, and the United States, as leading biofuel producers and consumers, have been working together during the last few months towards the development of a global biofuels alliance along with other interested countries.

The central government has already notified National Policy on Biofuels, 2018, which envisaged a target of 20% blending of ethanol in petrol by ethanol supply year 2025-26. Accordingly, oil marketing companies (OMCs) are permitted to sell up to 20% ethanol blended petrol. At present, under the Ethanol Blended Petrol (EBP) Programme, ethanol blended petrol is being sold across all states of the country.

Under EBP Programme, OMCs have saved 433.6 crore litres of petrol on account of ethanol blending during the Ethanol Supply Year (ESY) 2021-22 resulting in an approximate savings of more than ₹20,000 crore of foreign exchange.

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