bio - diesel produced in India form
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India is considered to be a diesel- deficit nation. Its production in India is not as per its rapidly growing demand. In order to overcome this deficiency, bio-diesel startup is the need of the hour in India. As it is considered to be a good substitute for conventional diesel. It is a renewable fuel that doesn’t pollute the environment and can comfortably work on any diesel-powered machine.
“Small and medium enterprises have bought Biodiesel and sold to individual consumers and Progressive farmers, in order to supply energy for brick kilns, backup power diesel generators etc.”
What will be the Investment and opportunities in the production of Bio-diesel in India?
From the analysis, it has been predicted that bio-diesel production requires an investment of amount INR 20 Lakh -20 crore in India with a profit margin of up to 15%.
How much is the growth of Bio-diesel production in the Global Market?
It has been predicted from the expert report that the market of Bio-diesel production has increased from $82.7 billion in 2011 to $185.3 billion in 2021. It has also been noticed that there had been a steady growth in 2016 but the rapid increase in production between 2017 and 2021 due to higher oil prices, emerging mandates, and advanced technologies. It has been concluded that global biofuel production will reach 65.7 billion gallons per year (BGPY) by 2021
How to make Bio-diesel?
To make Bio-diesel, hydrocarbons (i.e oil or fats) are filtered and get mixed with alcohol, which are usually methanol and a catalyst. Ester and glycerol bio-diesel fuel, are the major products of this reaction which have been used for commercial purposes.
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