Page 147 - CW E-Magazine (15-7-2025)

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DEMAND-SUPPLY TRENDS

India beats China for second consecutive year

in biofuel consumption

India pipped China as the world’s sumption rose by around 18% y-o-y to India (77-kbbloe/d) and China
fourth largest biofuel consumer for the 60 kbbloe/d. The country generally (60-kbbloe/d).
second consecutive year during 2024. exports biodiesel to Europe and bun-
However, it still trails China in terms of kering hubs in Asia. India’s biofuel production rose by
production of the green fuel. 27% y-o-y to 70-kbbloe/d in 2024.
Biofuels include ethanol, biodiesel Biofuel production has expanded at a
As per the ‘Statistical Review of and sustainable aviation fuels. 30.4% growth rate per annum between
World Energy 2025’, brought out by 2014 and 2024, it added. In contrast,
The Energy Institute (EI), in collabora- The review pointed out that global China’s biofuel production rose by
tion with Kearney and KPMG, India’s demand for biofuels rose 3% y-o-y in almost 31% y-o-y to 106-kbbloe/d. The
biofuel consumption rose by 40% year- 2024 to reach a record level of 2.2-mil- manufacturing behemoth’s output has
on-year (y-o-y) to 77 thousand barrels lion barrels of oil equivalent per day grown at a rate of 8.4% in the last
of oil equivalent per day (kbbloe/d) in (Mbbloe/d) with Asia Pacifi c region decade ending 2024.
2024. growing the largest at 47-kbbloe/d fol-
lowed by North America at 42-kbbloe/d. Global biofuels production grew by
Biofuel consumption has expanded over 8%, with the US the largest global
at a 31.8% growth rate per annum bet- The review pointed out that producer with a 37% share of global
ween 2014 and 2024 in the world’s the US leads in consumption at production. Additionally, the US,
third largest energy consumer, it added. 856-kbbloe/d, followed by Brazil (434- Brazil and Europe combined account
On the other hand, China’s biofuel con- kbbloe/d), Indonesia (181-kbbloe/d), for around 75% of global biofuels use.

CLEAN ENERGY ON DEMAND

IFC commits Rs. 460-cr to IndiGrid to build India’s

largest battery energy storage project

IFC, a member of the World Bank logy Fund, one of the multi-donor trust able capacity by 2030 and sets a repli-
Group, has committed Rs. 460-crore to funds under the World Bank-hosted cable model for other states.
IndiGrid to build India’s largest stand- Climate Investment Funds framework.
alone battery energy storage system India’s power sector is undergoing
(BESS) project in Gujarat. IFC Regional Director for South a structural shift as the country
Asia Imad Fakhoury said, “Expanding advances toward its target of 500-GW of
The project is designed to play a access to reliable, affordable electri- clean energy capacity by 2030, it said.
key role in supporting the state’s clean city is central to development and IFC’s The increasing integration of solar and
energy goals by enhancing grid stabi- mission in emerging markets. Battery wind energy introduces new challenges
lity and ensuring reliable power is energy storage is critical for diversi- for grid stability, peak load manage-
available during peak demand, a joint fying India’s energy mix and ensuring ment, and dispatch reliability. “With
statement said. clean power is available when demand IFC’s support, we are proud to lead the
is highest.” deployment of one of India’s fi rst and
The long-term fi nancing of $55-mn largest BESS assets in Gujarat. This
(about Rs. 460-crore) will be through a IndiGrid has been a partner to IFC project represents a strategic milestone
subscription to listed non-convertible in advancing sustainable and inclusive in building next-generation infrastruc-
debentures, with $38.5-mn from IFC’s infrastructure in India, he said, adding, ture that is clean, resilient, and future-
own account and $16.5-mn in conces- the latest investment supports Gujarat’s ready,” IndiGrid Managing Director
sional support from the Clean Techno- goal of achieving 100-GW of renew- Harsh Shah said.

Chemical Weekly July 15, 2025 147

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