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HomeSugar Industry News“India on track to surpass China as third-largest ethanol consumer by 2026”:...

“India on track to surpass China as third-largest ethanol consumer by 2026”: IEA

The ethanol demand in India has tripled between 2017 and 2021 with consumption expected at 3 crore litres in the last calendar year. As a result, India will surpass China to become the world’s third-largest ethanol consumer by 2026.

“India is on track to surpass China as the world’s third-largest ethanol consumer by 2026. In January 2021, India brought forward its 20 per cent ethanol blending target with gasoline from 2030 to 2025 and is aiming to start selling 20 per cent blends in 2023,” as per the International Energy Agency (IEA).

In October last year road Transport and Highways Minister Nitin Gadkari, addressing a webinar on alternative fuels organised by industry body ISMA, said the government is promoting ethanol manufacturing in a big way and assured that it will procure all ethanol produced in the country. In an effort to reduce the import of petroleum products, the government has been encouraging farmers to produce ethanol that can be blended with petrol and used as a fuel in vehicles.

India has made impressive progress in increasing ethanol blending, from 2 per cent in 2017 to 8 percent by the summer of 2021.

“In our accelerated case, we assume India meets these challenges and achieves its 20 per cent blending target in 2025,” IEA projected.

The government has hiked the price of ethanol extracted from sugarcane for blending in petrol by up to Rs 1.47 per litre for 2021-22 marketing year starting December, as part of its target to achieve 20 per cent doping by 2025.

Higher mixing of ethanol in petrol will help cut India its oil import bill and also benefit sugar cane farmers as well as sugar mills.The above news was originally posted on thepolicytimes.com

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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