Indian Sugar turbines line up for fresh investment in Ethanol manufacturing by admin- Thursday, February 7th, 2019 07:53:17 PM
The country’s Sugar turbines have coated up for sparkling investment to the music of Rs 6,000 crore to improve for generating Ethanol from Sugarcane.
UP government is investing Rs a hundred crore to improve cooperative Sugar mills to supply Ethanol at the side of Sugar.
Maharashtra-based totally mills are probably to invest Rs 2,250 crore, UP turbines could incur Rs 1,500 crore in the direction of such capital expenditure, accordingly totalling Rs 3,750 crore for the 2 states.
Currently, 4-five in keeping with cent of Ethanol is mixed with petrol as towards the federal target of 10 consistent with cent blending with biofuel with the aid of 2022. Even for 10 per cent blending, there is a requirement of three.3 billion litres of Ethanol, which shows the giant financial opportunities for Indian Sugar generators.
Total Ethanol supplied via mills to OMCs for mixing in petrol grew from 380 million litres in 2013-14 to one.Eleven billion litres in 2015-sixteen, earlier than losing to 660 million litres the subsequent 12 months 2016-17. During 2017-18, the full Ethanol supplies are pegged at 1.40 billion litres.