Understanding India's Biofuel Industry

India is the sixth largest and one of the fastest growing energy consumers in the world, with a rapidly growing economy, rising population and an expanding number of middle-class consumers. India meets about 72% of its crude oil and petroleum products requirement through imports. In the last three years, India's oil import expenditure has nearly doubled due to the escalation in global oil prices.

Given the escalation in global oil prices and continued growth in consumption of petroleum products, the Government of India is looking at ways to limit rising oil imports by promoting use of biofuels.

Biofuels are going to play an extremely important role in meeting India's energy needs. The country's energy demand is expected to grow at an annual rate of 4.8% over the next couple of decades. Domestic production of crude oil can only fulfill 25-30% of national consumption. In fact, the crude oil imports are expected to total 147 million tons in 2006-2007.

The report Biofuel Industry in India is a complete coverage of the ethanol and biodiesel market in the country.

Further Reading

- You can view the full report by clicking here.

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