ADB approves $2.5 million technical assistance for advanced biofuel production in India
Asian Development Bank (ADB) has granted a USD 2.5 million technical assistance (TA) in order to accelerate advanced biofuel development in India.
The assistance is funded from the Asia Clean Energy Fund financed by the Government of Japan, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund.
Using cutting-edge technology, biofuels could be produced from non-edible sources such as farming residue, MSW (municipal solid waste). This renewable energy, according to ADB, will reduce net greenhouse gas emissions (GHGs) without endangering food security.
“India has a massive amount of wastes, but crop burning causes severe air pollution. If agricultural waste can be collected effectively as feedstock for biofuels, its sales will be able to supplement rural farmers’ income and negate the need to burn crop waste,” the multilateral lending agency said, adding the advanced biofuels can provide simultaneous solutions to address waste recycling, climate change, energy security among others.
The technical assistance (TA) will support development of advanced bioethanol, bio-compressed natural gas to showcase the best practices for efficient conversion technology, and sustainable biofuel value chain.