‘New policy soon on biofuels with Rs 1 lakh crore potential’

New Delhi, Mar 7: In a major move on sustainable development, the government is to soon bring out a National Biofuels Policy for a sector poised to become an economy worth Rs 1 lakh crore, Petroleum Minister Dharmendra Pradhan said.
The policy would detail the architecture for India to make the move towards adopting second generation, or advanced, biofuels in the future, from the current first generation ones being used, which are essentially sugar-based, Pradhan said addressing the first EU-India Conference on Advanced Biofuels here.