The Hindu Business Line : NCAER wants government to focus on bio-diesel

MUMBAI: The world will run out of traditional cheap oil in the future and hence it is necessary to look for alternative fuel irrespective of the cost of production, an economic think-tank body has said in its monthly macro-economic report.

“The government should take the initiative to design a prototype photo-bioreactor within the precincts of a coal-fired generating station to produce bio-diesel,'' National Council of Applied Economic Research (NCAER) said in its report.

High crude oil prices in the international market have forced NCAER to look at alternative fuels such as bio-diesel to be “highly promising''.

“India may have to contend with limited crude oil supplies over the medium-to-long run due to a peak oil problem,'' it said.

“Algae are the most promising feedstock for bio-diesel and ethanol production because the yield of oil from algae is many times higher than that from traditional oilseeds.''

“Algae could be grown on sewages next to power plants and in wastelands,'' NCAER said.

Nuclear energy from fission is another form of fuel that NCAER believes on. “With internationally sponsored monitoring mechanisms in place and enhanced safety measures, nuclear energy could become a mainstay and a viable fuel,'' it said. – PTI

Prev: Bill to overcome hurdles for quota implementation soon: Govt
Next: CPI(M) asks govt to pursue CMP instead of nuke deal

Business Line | NUS Index |