The central government will soon come out with policies on the second generation ethanol, methanol and other non-conventional resources. It will further help to reduce the crude import bill by Rs. 1 lakh crore. In an announcement made by cabinet minister Nitin Gadkari, “It was decided meeting that the Petroleum Ministry will formulate a policy on the second-generation ethanol for approval from the Cabinet”. HE further added “it was decided to take second generation ethanol production on mission mode as India accounted for a huge Rs 6 lakh crore imports bill on crude per annum and exploring and generating indigenous alternative would cut crude imports by at least Rs 1 lakh crore. Gadkari also said in view of surplus cola production it has been decided to promote methanol output and Petroleum Ministry will also bring a policy for production of methanol from coal.
