Brazil/India

Biofuels will be among the main themes of India's first visit to Brazil in November

T&B Petroleum/Press Office UDOP
16/07/2019 14:44
Biofuels will be among the main themes of India's first visit to Brazil in November Imagem: Divulgation Visualizações: 308 (0) (0) (0) (0)

Biofuels will be among the central themes of the bilateral visit of India's Prime Minister Narendra Modi to Brazil scheduled for next November. Narendra Modi was re-elected in elections held last May. President Jair Bolsonaro greeted the Indian prime minister for renewal for another term, noting that Brazil and India should further strengthen their trade relations.

 

Since 2016, work has been intensifying the relationship between countries on this topic, which involved receiving technical missions from India in Brazil, holding meetings in India with members of government and the private sector, and a participation of India in the Platform for Biofuturo, an initiative of 20 countries to promote the sustainable low carbon bio-economy. This all contributed to raising the Indian government's interest in the potential of biofuels, resulting in a new policy, launched in 2018, aimed at reducing dependence on imports, promoting rural development and combating climate change. With this policy, the Indian government hopes to meet its goal of reaching a 20% blend of ethanol and gasoline. An additional positive effect could be the global recovery of sugar prices, by reassigning the surplus of Indian production, which is now being exported on a subsidized basis.

 

At the suggestion of the Indian delegation that adjusts Minister Narendra's visit to Brazil with the Ministry of Foreign Affairs, during the visit of the Prime Minister, a memorandum of understanding between the two countries, focused on biofuels, should be signed.

 

According to the head of Itamaraty's Energy Promotion Division, Renato Domith Godinho, "India has enormous potential for the market and production of biofuels, mainly ethanol, due to its enormous sugarcane production. If the ethanol and biogas there are many opportunities and advantages for both countries, starting with the spread of production, a step towards a global market for biofuels. India could become a major foreign market for biofuels in Brazil, which could make up for seasonal deficiencies in addition to the opportunities that could open up for Brazilian consulting, technology, goods and services related to the production of sugarcane, ethanol and biogas. "

 

 

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