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India: Study recommends raising biodiesel price
Source : biodieselmagazine.com
A study conducted by the Indian government has determined the price of jatropha-based biodiesel needs to be increased to create an economically sustainable biodiesel industry within the country. The study, titled "Realistic cost of biodiesel in India", was completed by The Confederation of Indian Industry and the Ministry of New and Renewable Energy. The two organizations ultimately found that the price of jatropha-based biodiesel needs to be increased from 26.5 Indian rupees (Rs.)-per-liter ($2.21 per gallon) to Rs. 36 per liter ($3.01 per gallon) under the country's biodiesel policy. If a 2% jatropha-based biodiesel blending initiative is achieved during the 2011-2012 timeframe, the study found that India would save approximately Rs. 3'000 crores ($660 million) while generating a revenue of nearly Rs. 5'500 crores ($1.2 billion) in the rural economy, with an annual investment opportunity of Rs. 1'700 crores ($374 million).
read more ...
17 January 2011 |
Study ::
Biodiesel ::
Asia
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