India's energy sector has revved past its 15 percent ethanol blending target, even as green hydrogen projects and rising domestic oil production signal a shift towards cleaner, more secure energy
India has surpassed a significant milestone in its energy practices by reaching a 15 percent ethanol blending target in its fuel mix. Union Minister Hardeep Singh Puri announced this achievement, highlighting the nation's dedication to reducing carbon emissions and improving energy security. Additionally, India aims to achieve a 20 percent ethanol blending target by 2025, setting the stage for a remarkable change in the country's energy sector. This move aligns with global trends towards cleaner energy and demonstrates India's proactive approach to addressing climate change.
He emphasised that this change demonstrated India's commitment to improving its energy mix. He pointed out that in May alone, the country exceeded 15 percent ethanol blending. He expressed confidence that, based on the current progress, the 20 percent blending target would be achieved by 2025.
Puri described the launch of green hydrogen projects as a significant step in India's efforts to reduce carbon emissions. He mentioned the commissioning of the first 10 MW green hydrogen plant on May 27, 2024, during the election period and noted that several Oil PSUs are in the process of issuing tenders for the supply of green hydrogen. Puri also drew attention to the operational green hydrogen station in Kochi, which services buses from Kochi Airport, marking a significant advancement in sustainable public transportation and underscoring India's proactive approach to environmental sustainability.
The Minister also addressed the broader energy landscape, highlighting the successful expansion of LPG coverage under the Ujjwala scheme and the anticipated rise in oil and gas production. He noted that LPG connections have increased from 14 crores in 2014 to 32 crores currently. Additionally, he mentioned that oil production from the 98/2 well is expected to reach 45,000 barrels per day soon.
Discussing upcoming projects in the refining sector, Shri Puri highlighted significant advancements. BPCL is in the advanced stages of setting up greenfield refineries to enhance refining capacity and reduce import dependence. Additionally, GAIL is planning to establish an ethane cracker unit, which will bolster the petrochemical sector by providing essential raw materials. Puri also mentioned that BPCL's Bina refinery is progressing well and aiming to meet rising energy demands.
Furthermore, IOCL is developing the Cauvery Basin Refinery in Chennai, which will contribute significantly to the region's energy infrastructure. These projects underscore India's commitment to strengthening its energy sector and achieving self-reliance.