Biodiesel -Processing, Economics & Potential in India

Abstract

Fossil fuels are hundreds of millions of years old, but in the last 200 years consumption has increased rapidly, leaving fossil fuel reserves depleted and climate change seriously impacted. Reserves are becoming harder to locate, and resources won’t last forever with finite supply of fossil fuels. The amount we use now simply isn’t sustainable, and the problem is getting worse as the global population increases. Globally, current consumption is equivalent of over 11 billion tonnes of oil from fossil fuels every year. Crude oil reserves are vanishing at a rate of more than 4 billion tonnes a year – so estimates show that at current rate crude oil is going to vanish in next 53 year.