DelhiDesk Pankaj Jain, Secretary of Ministry of Petroleum and Natural Gas (MoPNG), emphasized the importance of G20 nations collaborating to fully utilize the potential of biofuels to create a more sustainable future at the Global Biofuel Alliance Seminar organized by the ministry. Jain called for increased collaboration among G20 countries to accelerate the development of the global biofuels market, and highlighted the technological advancements that have provided diverse biofuel feedstock options such as sugarcane, corn, agricultural waste, and bamboo. The seminar was attended by key players from international energy organizations including the International Energy Agency (IEA), Total Energies, Shell, Lanzatech, and SHV Energy Futuria. Discussions centered around technologies, use cases, partnerships, and business prospects related to biofuels.
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👉 New Delhi: It is important that G20 nations work together to tap into the full potential of biofuels to create a more sustainable future, said Pankaj Jain, secretary of ministry of Petroleum and Natural Gas (MoPNG), Pankaj Jain.
👉 Jain was delivering the keynote address at the Global Biofuel Alliance Seminar, organized by the ministry, which was held alongside the 3rd Energy Transition Working Group Meeting.
👉 He underscored the growing significance of biofuels in transitioning to cleaner energy sources, their wide-ranging applications, techno-commercial viability, and financing opportunities.
👉 Noting biofuels’ contributions toward economic prosperity, energy security, and affordability, Jain called for increased collaboration among G20 countries to accelerate the development of the global biofuels market.
👉 Key players from international energy organizations including the International Energy Agency (IEA), Total Energies, Shell, Lanzatech, and SHV Energy Futuria attended the seminar.
👉 Discussions centered around technologies, use cases, partnerships, and business prospects related to biofuels.
👉 Participants acknowledged the rising relevance of biofuels in various sectors, from Sustainable Aviation Fuel (SAF) and alcohol-to-jet fuel, to biodiesel, compressed biogas for ethanol production, and renewable Dimethyl Ether (DME).
👉 The seminar succeeded in fostering dialogue and knowledge exchange among industry experts, enhancing understanding of the role of biofuels in addressing the Energy Quadrilemma.
👉 Updated: May 18, 2023, 01:59 PM IST.
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