The union cabinet approved modifications to the Pradhan Mantri JI-VAN Yojana to keep up with the latest advancements in biofuels and attract more investment.
The revised scheme extends the implementation timeline by five years, now running until 2028-29, and expands its scope to include advanced biofuels derived from lignocellulosic feedstocks, such as agricultural and forestry residues, industrial waste, synthesis gas, algae, and more.
Additionally, ‘Bolt-on’ plants and ‘Brownfield projects’ are now eligible under the scheme, allowing them to leverage their experience and enhance viability. To foster innovation, the modified scheme will prioritize project proposals that introduce new technologies and use diverse feedstocks.
The initiative aims to provide farmers with profitable avenues for their agricultural residues, mitigate environmental pollution, create local employment, and contribute to India’s energy security and self-reliance. It also supports the development of advanced biofuel technologies, aiding in India’s pursuit of net-zero greenhouse gas emissions by 2070.
Public Sector Oil Marketing Companies (OMCs) are on track to achieve the 20% ethanol blending target by the end of ESY 2025-26, which will require over 1,100 crore litres of ethanol. To meet this demand, 1,750 crore litres of ethanol distillation capacity must be installed to fulfill blending requirements and other needs in the potable, chemical, and pharmaceutical industries.
As reported by pmindia.gov.in, to achieve these ethanol blending goals, the government is also focusing on alternative sources like Second Generation (2G) Ethanol, derived from surplus biomass, agricultural waste with cellulosic and lignocellulosic content, and industrial waste, utilizing advanced biofuel technology.
