Concerns about energy security have fueled interest in biofuels, as a renewable and domestic source of energy, both globally as well as in India. India possesses only 0.5% of the world’s oil reserves but consumes 3.4% of annual global production. A high rate of economic growth, and growing population and per capita income are leading to a rapid increase in demand for petroleum which has been growing at an annual rate of growth of 7.5% per year over 2000–2009. In 2008, India imported about 75% of its total crude oil consumption and this percentage is expected to grow to 90% by 2025 (UNESCAP 2009). To reduce this dependence on foreign oil, India has announced targets for blending ethanol with gasoline, initially established...

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