The industry has on several occasions told the government the price of ethanol produced from sugar juice or syrup should be based on returns on equity
The government has been implementing EBP, where OMCs sell petrol blended with ethanol up to 10 per cent
The government's ambitious aim to double the blending target could face challenges from two of the three sources: Grain-based and biomass-based
He also argued that the sugar industry should try to create avenues through which ethanol could be sold directly to the automobile industry
The apex sugar body has urged the govt to not experiment with a new export system
The Securities and Exchange Board of India (Sebi) is mooting a stricter framework for identifying "beneficial owners (BOs)" of foreign portfolio investment (FPI) in the country
Some officials feel increase should be limited to Rs 2 per litre
The establishment of an ethanol plant will generate direct and indirect employment opportunities in the region and boost economic prosperity in the region.
India's ethanol blending in petrol has increased to 10.16 per cent in 2022
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Rs 900-crore plant set up by Indian Oil Corporation (IOC) in Panipat to start on Wednesday
As per ISMA, sugar production in 2022-23 is estimated at 355 lakh tons as against 360 lakh tons in current marketing year ending September due to diversion of sugarcane towards ethanol manufacturing
The minister of state for petroleum and natural gas said work on meeting the target of 10 per cent ethanol blending in petrol was on track
Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production
India has achieved the target of supplying 10 per cent ethanol-blended petrol ahead of schedule and is aiming to double blend by 2025-26 in order to cut oil import dependence
Union Minister Nitin Gadkari on Saturday stressed on the need to switch to alternative fuel like ethanol and said efforts are on to introduce ethanol in construction and agriculture equipment.
Also, more feedstocks have been allowed for the production of biofuels which can be doped with auto fuels
Raising concerns over the surplus sugarcane production in Solapur, Union Minister Nitin Gadkari on Monday urged sugar mills owners to reduce the production of sugar and increase the production of ethanol.Gadkari was in Solapur on Monday for the foundation stone-laying ceremony of national highway projects. The minister said if the production goes on like this, then farmers would have no option other than suicide.Meanwhile, India's sugar exports surged by 64.9 per cent to $4.6 billion in the financial year 2021-22 from $2.79 billion recorded in the previous year, according to the latest government data.As per data released by the Directorate General of Commercial Intelligence and Statistics (DGCI & S), India exported sugar to 121 countries across the world during the financial year ended March 2022.India is the world's second-largest sugar producer after Brazil. Since 2010-11, India has consistently produced surplus sugar, comfortably exceeding the domestic requirements. The record
Under the schemes, the timeline for disbursement of loan for ethanol projects is up to March/April, 2022
The OMCs, on their part, according to earlier reports, said that there is no preference in awarding contracts for supply of ethanol