The increasing industrialization and modernization of the world has
to a steep rise for the demand of petroleum products. Economic
development in developing countries has led to huge increase in the
energy demand. In India, the energy demand is increasing at a rate
of 6.5% per annum. The crude oil demand of the country is met by
import of about 80%. Thus the energy security has become a key
issue for the nation as a whole. Petroleum based fuels are limited.
The finite reserves are highly concentrated in certain regions of
the world. Therefore, those countries not having these reserves are
facing foreign exchange crises, mainly due to the import of crude
oil. Hence it is necessary to look forward for alternative fuels,
which can be produced from feedstocks available within the country.
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