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Volume 6, Issue 6
Published: July 23, 2012
India battles the biofuels blend

On 2 September 2002, over 2,000 people gathered in remote Monroe, Wisconsin to celebrate the opening of Badger State Ethanol, built by the design-build team of Fagen Witchita Falls, Wisconsin, and ICM from Colwich, Kansas.

 

India is the world’s fourth largest consumer of petroleum products after the US, China and Japan and the sixth largest importer of crude oil. Seventy five percent of India’s crude oil is met from imported sources.

 

Petroleum products consumption grew by 2.9% during 2010-11, led by transportation fuels and demand is expected to remain firm. This is despite news that the Indian GDP growth rate dropped to 6% from 2010-11, suggesting that the country’s economy remains under pressure. The growth rate is expected to stay reduced in the coming years, just 6% from 2012-2016.

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