Category

Countries


Ethanol Production in India Likely to Double by November 2021, Targeting a Low Carbon Future

Ethanol Production in India Likely to Double by November 2021, Targeting a Low Carbon Future

  • 06-Oct-2020 11:00 AM
  • Journalist: Francis Stokes

Government of India has provided a deadline of 15 October for sugar mills, to submit the proposals for Ethanol capacity additions in order to benefit from the soft loans scheme announced in the year 2018. In line with the increased inclination of government to develop an alternative fuel economy, numerous manufacturers showcased heavy interest in entering the market with optimism over robust industrial demand of Ethanol in a span of 5 to 10 years. According to the available figures, government is eyeing to increase existing Ethanol production capacity of 4260 million litres to 5920 million litres within 2 years. This step is intended to provide enough supply of Ethanol for encapsulating the target for 10 per cent Ethanol-petrol mixing by 2022. As of now, the targeted Ethanol to petrol mixing is 7.5-8 per cent by November 2021. To consolidate premium funds for sugar mills, government is likely to further increase the cost price of Ethanol payed by the refiners to the Indian companies.

24X7

Track Real Time Prices

Related News

EU Initiates Monitoring of Rapidly Increasing Ethanol Imports
  • 19-Sep-2023 4:04 PM
  • Journalist: Yage Kwon
US Ethanol Prices Soar Amidst Strong Demand and Low Inventory Level
  • 15-Sep-2023 6:12 PM
  • Journalist: Jacob Kutchner
RFA Embraces Chief Ethanol as Its Latest Producer Member
  • 15-Sep-2023 5:25 PM
  • Journalist: Harold Finch
Ethanol Production Shows 3% Growth as Ethanol Supplies Decline by 2%
  • 14-Sep-2023 5:21 PM
  • Journalist: Stella Fernandes