India and Brazil have reviewed the existing collaboration in the energy sector and mutually beneficial relationships in bilateral trade and cooperation in sustainable fuels, particularly biofuels. This was stated in a joint statement issued after the meeting between Petroleum and Natural Gas Minister Hardeep Singh Puri and Brazilian Minister of Mines and Energy Alexandre Silveira. Mr Puri is on a three-day visit to Brazil from Thursday. During the meeting, the two sides reaffirmed their commitment to identify new possible mechanisms for increasing the presence of Indian companies in the country, including through new investment opportunities in producing assets.
The two leaders reiterated the commitment to identify ways to enhance trade between the two countries, including through innovative mechanisms. As founding members of the Global Biofuels Alliance, both sides reiterated the crucial role the Alliance will play in positioning biofuels as a key component of the global energy transition, contributing not only to environmental sustainability but also to socioeconomic growth.
The sides noted that India and Brazil are well-positioned to collaborate on the production and use of sustainable aviation fuels (SAF) by leveraging their existing ethanol and biodiesel production infrastructure, growing aviation market, and vast feedstock potential, including their agricultural resources. The two sides looked forward to co-hosting an India-Brazil Clean Cooking Ministerial Meeting on the sidelines of India Energy Week 2025 in February 2025, which would provide an opportunity to explore collaborative pathways for enhancing clean cooking access globally. Both sides discussed collaboration in the domain of deep and ultradeep explorations in the Indian offshore acreages.
