Ethanol can help India save USD 6 by 2021-22 - study

India can save up to USD 6.12 billion (EUR 5.74 bn) from its oil import bill if it achieves the targeted 20% ethanol mix in transportation fuel by 2021-22, says a recent study by the the University of Petroleum and Energy Studies, Dehradun.

The study 'Fuel Blending in India - Learnings and Way Forward', brought out along with the Centre for Study of Science, Technology and Policy, Bengaluru and New Delhi-based public policy and legislative drafting firm PLR Chambers, has also projected that achieving the target will bring about a reduction in carbon dioxide emission by up to 10.41 million tonne by 2021-22.

According to the report, India's current domestic ethanol capacity stands at approximately 2,240 million litres annually and the country is expected to achieve an average blending rate of about 5% this year.

(USD 1 = EUR 0.957)

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