Top 5 biofuel stocks to add to your watchlist

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Global Biofuel Alliance. A total of 19 countries and 12 international organisations have agreed to join the alliance with India, USA, and Brazil, the founding member countries. The alliance is aimed at creating and promoting the adoption of biofuels and expanding bioenergy access across the world.

But what exactly constitutes biofuels? Biofuels are liquid fuels produced from renewable energy sources such as plants and algae. Some of the biofuels are ethanol biodiesel, green diesel, and biogas. They provide solutions to the challenges of solar, wind, and other alternative energy sources.

Moreover, biofuels also have the potential to replace fossil fuels completely and decarbonise the transportation sector. This will help the world reach its carbon neutrality goals on time. So, how does the biofuel alliance help India? According to a report published by the Indian Biogas Association, the biofuel alliance can generate opportunities worth US$ 500 billion (bn) ( ₹4,153 bn) for G20 member countries in the next three years.

Given the tremendous availability of potential biomass in India, this is a huge opportunity for companies involved in the production of biofuels. Let’s look at the top biofuel companies in India that have the potential to capitalise on this trend. First on the list is Praj Industries.

Incorporated in 1985, the company started its journey as a supplier of ethanol plants. Today, it is a leading company with a bouquet of sustainable solutions for bioenergy, high-purity water, critical process equipment, breweries, and industrial wastewater treatment. The company’s bioenergy business offers a complete suite of solutions for the global ethanol industry, including process design, engineering, fabrication, and