Is biofuel business profitable in India?

From the analysis, it has been predicted that biodiesel production requires an investment of amount INR 20 Lakh -20 crore in India with a profit margin of up to 15%.

Are biofuels profitable?

The profitability of biodiesel production is extremely variable. Due to the volatile price nature of biodiesel and soybean oil, its major feedstock, biodiesel profitability can change rapidly from month to month.

Is it legal to sell biodiesel in India?

2017 Government allowed sale of biodiesel to all consumers for blending with diesel. The Biodiesel procurement by OMCs increased from 1.1 crore litres during 2015-16 to 10.56 crore litres during 2019-20. Presently, bio-diesel is being produced in the country primarily from imported palm stearin oil.

Which Licence is required to sell biodiesel in India?

Factory Licenses: For setting up of any Factory, one needs to take an approval from the District factory Inspectorate. Explosive License: For storage of Methanol, one has to obtain an Explosive License from the Directorate of Explosive. For Biodiesel, this license is issued form Nagpur.

Are biofuels the future of India?

Are Biofuels The Future Of India? In August 2018, Rajasthan became the first Indian state to implement a biofuel policy. The nationwide policy had been unveiled by the centre in May of the same year. The state has already installed a bio-diesel plant with a capacity of 8 tonnes per day.

Which is the first state in India to implement biofuel policy?

In August 2018, Rajasthan became the first Indian state to implement a biofuel policy. The nationwide policy had been unveiled by the centre in May of the same year. The state has already installed a bio-diesel plant with a capacity of 8 tonnes per day.

How to set up bio-diesel production unit in India?

For establishing the business of Bio-diesel Production, the applicant first registered its entity in the form of Partnership, Company, Limited Liability Partnership. District factory Inspectorate approval is required for setting up of the factory of Bio-diesel production.

What can biodiesel be used for in India?

NOTE -“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?