India is one of the fastest growing economies in the world and continues to experience a high and increasing demand of crude oil and petroleum products. Traditionally fossil fuels have been the primary source of energy in the transportation sector. However, biofuels have gained significant attention in recent years as they have been considered as viable alternatives offering significant economic and environmental benefits. The Government of India (GoI) and the Oil Marketing Companies (OMCs) are aggressively promoting blending of 20 % ethanol in Motor Spirit (petrol) with a view to reduce the carbon footprint and conserve foreign exchange by reducing import of crude oil.
Domestic bio-fuels provide a strategic opportunity to the country, as they reduce the nation’s dependence on imported fossil fuels, and there by save precious foreign exchange. In addition, when utilized with appropriate care, bio-fuels can be environmentally friendly, by reducing emissions & sustainable energy sources. They can also help generate employment, promote Make in India, Swatch Bharat, doubling of farmers’ incomes and promote waste to wealth generation. Hence Sri Hanuman Biofuels Pvt. Ltd. is venturing into the manufacturing of biofuel Ethanol from cereals which are unfit for human consumption as feed stock.
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