Re-thinkingliquid gold policy….
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Re-thinking the liquid gold policy

6:53 AM, 6th July 2018
Editorial of Chemical Today magazine, July 2018

In the last couple of years, the crude oil prices, production and supply has seen many a swing between upward and downward movement. This uncertainty has led to many countries re-thinking their dependence on this liquid gold. Moreover, for any economy, the oil & gas industry has been and will continue to be its lifeline. Any fluctuation in the global markets can have the cascading effect on economies and various industries dependent on it.

Is this uncertain environment a wake up call for countries to look for better alternates to meet their energy demands? This situation is also a concern for India, being the third-largest oil consuming nation in the world. The country is feeling the heat of crude imports, as it imports nearly Rs 7 lakh crore worth of petrol and diesel.

The same requirement can be fulfilled by farmers in the country. Bioethanol can be produced using rice straw, bamboo or corn grown by farmers. There is need to educate farmers and improve our use of bioethanol, according to the Ministry of Road Transport and Highways of India, Government Of India.

Considering statistics, about 1 ton of rice straw can produce 280 litre of bioethanol. Vehicles such as bikes, auto-rickshaws and buses can run on 100 percent bioethanol. America, Brazil and Canada have already starting using flex engines that can run on 100 percent bioethanol. This fuel is cost effective, an import substitute and pollution free. The same technology and fuel requirement when adopted in India, can lead to greater savings and improve the future of our farmers, informed the Ministry.

Taking cue from global markets, India has already started taking action in the direction of adopting energy alternatives. Such development and many more trends & challenges are discussed in our sector view for the Oil & Gas industry this month.

Also, we organized the ‘Domain Of Corrosion’ - Corrosion Technology Forum 2018, on 7 & 8 June in Bangalore, which saw nearly 180 delegates attending the event. Corrosion protection technologies & solutions, corrosion monitoring & maintenance, corrosion management and corrosion prevention were the topics of discussion during the event. Have a look at our in-depth coverage and expert views regarding the corrosion industry.

For suggestions or feedback write to editorial@worldofchemicals.com

 

By Shivani Mody,

Editor In Chief.

© Chemical Today magazine

 

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