India, Brazil reaffirm dedication to boost vitality sector collaborations

India and Brazil have strengthened their dedication to strengthen current collaboration throughout the vitality sector, along with Indian upstream funding, mutually helpful relationship in bilateral commerce and cooperation in sustainable fuels, considerably biofuels, it was launched on Saturday.

All through 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 two sides are well-positioned to collaborate on manufacturing and use of Sustainable Aviation Fuels (SAFs), by leveraging their current ethanol and biodiesel manufacturing infrastructure, rising aviation market and big feedstock potential, along with their agricultural sources.

Minister Puri was accompanied by Indian oil and gasoline firms, representing every the upstream and downstream sector.

In a submit on X, the minister acknowledged they talked about strategies to spice up 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 security imperatives.

“We moreover talked about strategies to provide our expertise in setting up cheap clear cooking choices and setting up big picture voltaic vitality functionality and vitality storage choices to Brazil.

Brazil’s expertise in ethanol mixing and renewable diesel presents useful alternate options to help India’s aims of lowering carbon emissions and strengthening vitality security,” the minister posted.

Inside the oil and gasoline sector, every nations recognised the assumption reposed by Indian firms throughout the sector which has resulted in Brazil being one among many largest places for investments by Indian oil and gasoline firms on the earth.

As founding members of the World Biofuels Alliance, both aspect reiterated the important operate the Alliance will play in positioning biofuels as a key ingredient of the worldwide vitality transition, contributing not solely to environmental sustainability however moreover to socioeconomic progress, consistent with a ministry assertion.

The Indian aspect expressed confidence that Brazil’s administration would further the G20’s agenda of inclusive and sustainable enchancment, setting up on the momentum generated by India’s presidency in 2023.

Every nations talked about collaboration throughout the space of deep and ultra0deep explorations throughout the Indian offshore Acreages.

The two sides moreover initiated a dialogue on cooperation throughout the house of important minerals and their price chains.

Inside the context of SAF, the ministers well-known that at current SAF stays the primary mature and viable pathway to decarbonise the aviation sector.

On the equivalent time, SAF solely accounts for 0.3 per cent of the current fuel use for aviation.“The perimeters reaffirmed that the purpose of internet zero throughout the aviation sector would require joint and collaborative movement between the two worldwide places to resolve among the many most important hurdles to SAF manufacturing, particularly, feedstock-related challenges, extreme worth of SAF as compared with totally different utilized sciences, infrastructure for large-scale manufacturing and surroundings pleasant waste administration strategies, low maturity of producing pathways, and so forth,” the ministry well-known.