India and Brazil have strengthened their dedication to strengthen present collaboration within the vitality sector, together with Indian upstream funding, mutually useful relationship in bilateral commerce and cooperation in sustainable fuels, significantly biofuels, it was introduced on Saturday.
Throughout his three-day go to to Brazil from September 19-21, Minister of Petroleum and Pure Gasoline, Hardeep Singh Puri, met Minister of Mines and Vitality, Alexandre Silveira de Oliveira, saying that the 2 sides are well-positioned to collaborate on manufacturing and use of Sustainable Aviation Fuels (SAFs), by leveraging their present ethanol and biodiesel manufacturing infrastructure, rising aviation market and huge feedstock potential, together with their agricultural sources.
Minister Puri was accompanied by Indian oil and gasoline corporations, representing each the upstream and downstream sector.
In a submit on X, the minister stated they mentioned methods to boost collaboration in areas the place Brazil is a world chief, akin to ethanol mixing, deepwater offshore exploration and renewable diesel, to advance India’s vitality safety imperatives.
“We additionally mentioned methods to supply our experience in constructing inexpensive clear cooking options and constructing giant photo voltaic vitality capability and vitality storage options to Brazil.
Brazil’s experience in ethanol mixing and renewable diesel presents helpful alternatives to assist India’s objectives of decreasing carbon emissions and strengthening vitality safety,” the minister posted.
Within the oil and gasoline sector, each nations recognised the belief reposed by Indian corporations within the sector which has resulted in Brazil being one of many largest locations for investments by Indian oil and gasoline corporations on the earth.
As founding members of the World Biofuels Alliance, either side reiterated the essential function the Alliance will play in positioning biofuels as a key element of the worldwide vitality transition, contributing not solely to environmental sustainability but additionally to socioeconomic progress, in keeping with a ministry assertion.
The Indian facet expressed confidence that Brazil’s management would additional the G20’s agenda of inclusive and sustainable improvement, constructing on the momentum generated by India’s presidency in 2023.
Each nations mentioned collaboration within the area of deep and ultra0deep explorations within the Indian offshore Acreages.
The 2 sides additionally initiated a dialogue on cooperation within the space of essential minerals and their worth chains.
Within the context of SAF, the ministers famous that at present SAF stays the main mature and viable pathway to decarbonise the aviation sector.
On the identical time, SAF solely accounts for 0.3 per cent of the present gas use for aviation.“The edges reaffirmed that the aim of web zero within the aviation sector would require joint and collaborative motion between the 2 international locations to resolve among the main hurdles to SAF manufacturing, specifically, feedstock-related challenges, excessive price of SAF in comparison with different applied sciences, infrastructure for large-scale manufacturing and environment friendly waste administration methods, low maturity of manufacturing pathways, and so forth,” the ministry famous.
