India to meet 20% ethanol blending target before deadline
The original deadline set by the government for 20% blending of ethanol with petrol was 2030 after it surpassed its previous target of 10% blending five months ahead of schedule
The original deadline set by the government for 20% blending of ethanol with petrol was 2030 after it surpassed its previous target of 10% blending five months ahead of schedule
The government on December 7 issued a directive restricting the use of sugarcane juice and sugar syrup in the production of ESY 2023-24 with immediate effect.
Sugar stocks such as Dalmia Bharat Sugar, Triveni Engineering, Bajaj Hindusthan, Dhampur Sugar Mills rose in the range of 2% to 5%.
India has revised the target to achieve 20% blending of petrol with ethanol by 2025, instead of the earlier target of 2030, says Hanif Qureshi, Joint Secretary, Ministry of Heavy Industries
Cabinet also approves premium of ₹3.07/qtl for each 0.1% increase in recovery over and above 10.25%, and ₹3.07/qtl cut for every 0.1% decrease in recovery
In 2018, National Policy on Biofuels was launched with an aim to produce bioethanol that would be blended with petrol in order to reduce pollution.