Biotech Updates

India Sets 20 Percent Biofuel Targets for both Ethanol and Biodiesel

September 26, 2008
http://biopact.com/2008/09/indian-government-sets-indicative.html
http://greencarcongress.com/2008/09/india-stes-targ.html

A new biofuels policy approved by the Indian Cabinet calls for ethanol blends of 20% in regular gasoline, and also 20% biodiesel blends (sourced from non-edible oils, such as Jatropha). This is in contrast with the EU’s recent policy to limit its biofuel targets to 6% (related news above). The new policy also has the following provisions: (1) scrapping of taxes and duties on biodiesel, and confers “declared goods status” on the products, (2) establishment of standardized protocols for blending for use by the industry and marketing companies, (3) ban on free fatty acid importation, to promote “development of plantations of non-edible seeds", (4) encouragement of bioenergy crop plantations in wastelands, while discouraging the use of fertile productive land, (5) establishment of a “National Biofuel Coordination Committee”, to be chaired by the Prime Minister, and also (6) the establishment of a “Biofuel Steering Committee”..