Jamaica which depends on fossil fuel for its energy sector has performed well to lower its oil dependency. It is estimated that Jamaica to reduce its oil dependency to 50 per cent in 2019. Jamaica aims to give a boost to its energy sector with a plethora of initiatives that include new energy policy, funding […]
Plant-based fuels commercially viable: Study
Sustainable plant-based bio-jet fuels could provide a competitive alternative to conventional petroleum fuels if current development and scale-up initiatives continue to push ahead successfully, scientists say. With an estimated daily fuel demand of more than five million barrels per day, the global aviation sector is incredibly energy-intensive and almost entirely reliant on petroleum-based fuels. Unlike […]
Interim Budget 2019: What the biofuel industry needs
The industry needs incentivisation to set-up bio-fuel plants in the agrarian hubs like Punjab, Haryana and Uttar Pradesh. India is the third largest importer of petroleum products in the world. The import of petroleum products is one of the key causes for the foreign trade imbalance. In order to mitigate the challenges of rising oil […]
