In news
Union Minister of Petroleum and Natural Gas & Steel presided over a virtual ceremony in which a number of initiatives were launched to provide major fillip to the SATAT initiative, and help India leap ahead towards a greener tomorrow.
Highlights
- This included signing of a Cooperation Agreement by Oil and Gas majors including IndianOil, HPCL, BPCL, GAIL and IGL, for the promotion and development of the SATAT (Sustainable Alternative Towards Affordable Transportation) scheme.
- The Cooperation agreement provides for establishing a strong network for marketing the entire produced quantity of CBG Plants through various channels.
- The agreement also has provision for associate implementers to join the SATAT movement.
- A website to provide a digital boost to the SATAT programme was also unveiled during the event.
Aim
- The SATAT scheme aims to set up Compressed Bio-Gas production plants and make CBG available in the market for use as a green fuel.
- 'SATAT’, launched on 1.10.2018, envisages to target production of 15 MMT of CBG from 5000 plants by 2023.
Significance
Besides the potential to boost availability of more affordable transport fuels, better use of agricultural residue, cattle dung and municipal solid waste, the 5000 CBG plants will provide an investment of 1.75 lakh crore, an additional revenue source to farmers, and 75,000 direct job opportunities and lakhs of indirect jobs.
Sustainable Alternative Towards Affordable Transportation
- Sustainable Alternative Towards Affordable Transportation (SATAT) is an initiative aimed at setting up of Compressed Bio-Gas production plants and make it available in the market for use in automotive fuels by inviting Expression of Interest from potential entrepreneurs.
- The initiative was launched in October 2018 by the Ministry of Petroleum & Natural Gas in association with Public Sector Undertaking (PSU) Oil Marketing Companies (OMC) viz. Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd.
Benefits
- Responsible waste management, reduction in carbon emissions and pollution
- Additional revenue source for farmers
- Boost to entrepreneurship, rural economy and employment
- Support to national commitments in achieving climate change goals
- Reduction in import of natural gas and crude oil
- Buffer against crude oil/gas price fluctuations
Source: PIB
