India, the world’s second-largest sugar producer, is likely to increasingly divert its surplus output away from exports towards domestic supply of green fuels, according to Phillip Capital. While an export subsidy has helped domestic sugar mills to ship out the production that is not consumed at home, the government has said that the policy support […]
Sugar production in Uttar Pradesh, the country’s largest sugar producing state in 2019-20 season, is likely to fall by around 20 per cent year-on-year to around 100 lakh tonnes in the October 2020-September 2021 season as against 126 lakh tonnes in the last season. The dip in production is primarily due to diversion into ethanol […]
The 497 sugar mills operational in the country have together produced nearly 209 lakh tonnes of sugar till February 15 as against 170 lakh tonnes in the corresponding period last year, an increase of nearly 23 per cent. According to a press release issued by industry body Indian Sugar Mills Association (ISMA), while 183 sugar […]
Failing to create adequate tankage for ethanol supplied by sugar producing distilleries, oil marketing companies (OMCs) have started reallocating contracted quantities from several depots, which the distilleries had competed to obtain, to faraway depots in other states. This takes several days, resulting in huge financial losses to the distilleries. In a series of letters exchanged […]
The Indian government notified a “modified” scheme to provide financial assistance to distilleries producing first-generation ethanol from feedstocks, including cereals. The assistance will be given for capacity expansion, setting up of new ethanol distilleries or converting molasses-based distilleries to dual feedstock. In a statement, the government said sugar mills, distilleries or entrepreneurs are required to submit an application in a prescribed […]
Sugar prices have tumbled, on signs of sluggish year-end demand due to a pandemic that’s restricting festivities for 2020. The seven-week low after a seven-month-long rally may present a sweet buying opportunity. Sugar has two main demand sources: as food and as biofuel. The first may see staggered growth until the rage in infections, hospitalizations […]
India will see a massive $ 66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions, Oil Minister Dharmendra Pradhan said at the KPMG India’s annual energy conclave ENRich 2020. The government is targeting raising the share […]
Cargill India is keen to invest in facilities to produce ethanol out of corn. It however would wait for a clear policy on the green fuel, as the current schemes of the government are “skewed in favour of sugar mills”, according to the The Financial Express newspaper. “We are producing ethanol out of corn in […]
India’s Food Ministry has given in-principle approval to 185 sugar mills and standalone distilleries to avail Rs 12,500 crore of loans to add capacity up to about 468 crore litres of ethanol per annum as part of its efforts to achieve 20 per cent blending with petrol. The move is aimed at boosting ethanol blending […]
India’s cabinet on Thursday approved a mechanism for procurement of ethanol by state-run oil marketing companies for blending with gasoline. The government has raised the price of ethanol by 5-8% to encourage more farmers to offer their crop for ethanol. The bulk of ethanol in India is made from sugarcane, though the use of other feedstock […]
