A radical idea, it believes, also offers a solution to climate change.Is wood alcohol the solution to India's huge oil import bill as Transport Minister Nitin Gadkari vows to eliminate petroleum imports? India's influential Transport Minister speaking at an event to brainstorm on methanol economy as a substitute for oil and gas vowed 'we want to create a country where import bill for petroleum is zero! 'Today India annually spends Rs 4.5 lakh crore on importing petroleum products. Gadkari feels 'methane is a cost effective import substitution'. India has only recently introduced blending of petrol with ethanol and one large experimental pilot plant that produces ethanol from agri-waste was inaugurated this year at Kashipur.

Source: Economic Times September 11, 2016 03:33 UTC