| The rising crude prices and the power politics behind it is forcing developed and developing economies to generate alternate fuels to protect their future of energy.
The efforts are on creating solar energy, nuclear energy, hydel energy, coal energy and bio energy.
Recently , Richard Branson announced and committed his future 10 years income of virgin group to invest in producing bio-fuels to be blended with petrol and diesel.
India launched the Ethanol programme last January for blending ethanol upto 5% in her 80% of the states to start with .The major public sector oil companies account for 99% distribution of petrol.
The planning commission of India has also planned to replace 5% of current 42 million tons of diesel consumed every year with bio-diesel produced from jatropha seeds in about 4-5 years. Fortune 500 companies like Reliance India ltd. has acquired huge blocks of land for growing seeds.
Government of India is giving special incentives and tax holdings to the business organizations going into growing jatropha seeds
The estimated demand of ethanol for 2006 is 132 million tones and for 2007 is 570 million tones.
This will help the countries worldwide to reduce their dependence on the oil producing countries.
N.B-Business houses interested in acquiring large chunks of land in India at throw away prices to grow jastropha may address their queries to, mbnsl1@gmail.com.
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