Free Trial

"Many Countries" Interested In Indian-Led Biofuel Alliance


Indian Oil Minister Hardeep Singh Puri has told reporters at the India Energy Week event in Bengaluru, India that, "many, many countries are interested," in an Indian proposal for a biofuels alliance.

  • Puri cited Russia and Brazil as among the countries interested in the proposal which would promote cleaner fuel and assist in India's transition to alternative fuel sources.
  • Puri: "It could be for experience sharing or anything... if your question is that [the alliance] is off to a good start, my answer is excellent."
  • A proposal for the alliance was announced in October, last year, ahead of India's assumption of the presidency of the G20.
  • Reuters: "India imports about 85% of its crude needs, but is gradually building capacity to increase its output of biofuels. It plans to build 12 bio-refineries to produce fuel from items including crop stubble, plant waste and municipal solid waste."
  • Bloomberg reported ahead of the Energy Week event: "The US and Brazil, two of the world’s largest biofuels markets, are joining an India-led initiative that will aim to boost demand for the lower-emissions energy source."

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.