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Delays in the crushing season, which is impacting key states like Maharashtra and Karnataka, are contributing to the drop in sugar prices, says ISMA president
"Sugar diversion to ethanol will lead India to a tight sugar S&D (supply and demand) this season," the trader said in a note
Union minister Nitin Gadkari on Monday said that the research around blending 15 per cent ethanol in diesel is in advanced stages, and the government is exploring ways to prioritise it based on sound evidence. Addressing the Confederation of Indian Industry's (CII) Bio Energy Summit 2024, Gadkari further said according to government data, ethanol blending in India has surged from 1.53 per cent in 2014 to 15 per cent in 2024. Spurred by this progress, the government has set an ambitious target of reaching 20 per cent blending in petrol by 2025, the road transport and highways minister said. Gadkari said the progress on building an ethanol ecosystem -- where ethanol pumps can complement ethanol production and launch of vehicles that can run on ethanol are on fast-track in four states -- Karnataka, Tamil Nadu, Uttar Pradesh, and Maharashtra. He pointed out that Indian Oil has decided to put 400 ethanol pump stations. "We are meeting automakers as well including Suzuki, Tata, and ...
Says Centre considering demands of sugar sector
New Delhi also plans to raise the price at which oil companies buy ethanol from sugar mills as part of efforts to boost supplies of the biofuel, said the sources
17.3 mn metric tonnes of crude oil substituted, 51.9 mn tonnes of CO2 emissions averted, the minister said
he world's second-biggest sugar producer imposed restrictions on diverting sugar for ethanol production in December 2023 to increase sugar output after cane crop was hit by below-average monsoon rains
New energy transition platform Jakson Green on Wednesday said it has bagged an order from state-owned NTPC for setting up a plant to produce 4G ethanol from flue gas. The proposed plant at Lara in Chhattisgarh will produce 10 tonnes per day (TPD) of 4G ethanol from flue gases emitted from power plants, a company statement said. Using the latest carbon capture technology by Veolia Carbon Clean, the plant will capture 25 TPD CO2 from flue gases, significantly reducing greenhouse gas emissions, it said. Also, 3 tonnes per day of green hydrogen will be generated through 7.5 MW electrolyser, the statement said. Captured carbon dioxide (CO2) and generated hydrogen (H2) are combined via advanced microbial fermentation technology from LanzaTech Inc., converting these inputs into 4G ethanol, it explained According to the statement, Jakson Green has been awarded a critical role in India's groundbreaking project towards a greener future, establishing the world's first flue gas CO2-to-4G etha
Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Saturday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed initial share-sale is a combination of fresh issue of equity shares worth Rs 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares by promoters and an investor according to the draft red herring prospectus (DRHP). Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route. Proceeds from the fresh issue to the tune of Rs 240 crore will be used for debt payment and the remaining amount for general corporate purposes. The Maharashtra-based Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India. The company's diversified product portfolio comprises bio-based chemicals, sugar, different grades of ethanol and power. These products find application in a range of industries such as food, ...
India's ambitious plans for an agri-derived ethanol-fuelled transport sector rest on the twin pillars of remunerative rates and agricultural yields
Indian Oil Corporation has set up 100 per cent ethanol dispensing outlets at 400 petrol pumps in Maharashtra, Karnataka, UP, and Tamil Nadu, Oil Minister Hardeep Singh Puri said
NITI Aayog member Ramesh Chand on Wednesday stressed on the need to increase maize yields to meet the demand for ethanol production. Addressing a workshop on maize here, Chand said that achieving the higher maize productivity is crucial for increasing the maize production in the country, as per an official statement. Speaking on the occasion, Agriculure Secretary Manoj Ahuja emphasised the pivotal role of the private sector in formulating progressive strategies for the maize sector, positioning maize as the crop of opportunity. He also stressed on adoption of high-yielding seed varieties, cluster demonstration, procurement policy, and the necessity for the industry to collaborate with farmers for propelling maize production and ensuring better remuneration for farmers. Special Chief Secretary in the Punjab government K A P Sinha mentioned about challenges related to diversifying from paddy/wheat to maize in the state. He stressed the need for infrastructure, machinery, incentives
The new purchase price of 56.28 rupees per litre is aimed at boosting production of ethanol, which is used for blending with petrol
The ethanol blending programme is now all set to get delayed by a few years, with the sugar situation not looking very encouraging for the next few years
"A quota will soon be allocated for sugar mills and distilleries," said a senior government official, who preferred not to be named, following official rules
Maharashtra Deputy Chief Minister Ajit Pawar on Monday said he met with Union Minister Nitin Gadkari to discuss the Centre's ban on the use of sugarcane juice or syrup in the production of ethanol. Talking to reporters on the Vidhan Bhavan premises, Pawar said he met Gadkari on Sunday and discussed the ban. However, the issue needed to be addressed at the Central level, and he will meet Union Minister Amit Shah soon. Last week, the Centre announced a ban on the use of sugarcane juice and sugar syrup' for ethanol production in the 2023-24 supply year, which started this month, to maintain adequate sugar availability for domestic consumption and to keep prices under check. However, the government has allowed the use of 'B-molasses', a cane by-product, for ethanol production in 2023-24. "Since this issue is at the Central level, we will have to visit Delhi and meet Union Minister Amit Shah and the others concerned. And we will be meeting them soon," Pawar said. Ethanol, a colourless
Authorities are studying a proposal to restrict the use of sugar-cane juice to produce biofuel for the current season, according to people familiar with the matter
India's fuel retailers buy ethanol from sugar mills to blend with gasoline and they were paying higher price for ethanol produced from juice and B-heavy molasses
BCL Industries Ltd on Monday announced bagging a Rs 339-crore ethanol supply order. Additionally, its subsidiary company Svaksha Distillery has also secured an order of Rs 222 crore to supply ethanol, BCL Industries said in an exchange filing. While BCL has to supply 4.96 lakh litres of ethanol, its arm will supply 3.24 lakh litres to the oil marketing companies. BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated distillery ethanol plant.
Sugar major Balrampur Chinni Mills Ltd (BCML) said that sugar will continue to be the primary focus despite expanding its ethanol production by 50 per cent to approximately 33 crore litres this season between November and April. A top company official revealed that the company has no immediate plans to venture into sugar retail. "Our goal is to strike a balance between sugar and ethanol production to maximize profitability and ensure sustainable growth, based on market conditions," BCML Promoter and Business Lead Avantika Saraogi told PTI. She is the daughter of BCML Chairman and Managing Director Vivek Saraogi. "The company foresees a 33:66 ratio between ethanol/alcohol and sugar for the year. Last year, the share of ethanol revenue was about 28 per cent," she said. BCML's decision to optimize its product mix is driven by a combination of factors, including fluctuating sugar prices and the government's ethanol blending policy. Saraogi pointed out that the country's sugar consump