'Will benefit our hardworking sugarcane farmers': PM hails Cabinet decision to revise ethanol price
2 years, 1 month ago

'Will benefit our hardworking sugarcane farmers': PM hails Cabinet decision to revise ethanol price

Firstpost  

Cabinet approved the mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol program. Ethanol is a renewable fuel made from plant materials New Delhi: Prime Minister Narendra Modi on Wednesday hailed the Cabinet’s decision to revise ethanol price saying that it “will benefit those associated with the sugar industry and our hardworking sugarcane farmers.” Earlier in the day, the Cabinet approved the mechanism for procurement of ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol program from 1 December 2022 to 31 October 2023. An important Cabinet decision which will benefit those associated with the sugar industry and our hardworking sugarcane farmers. pic.twitter.com/FNGEmqpruX — Hardeep Singh Puri November 2, 2022 “Modi government’s visionary steps have enabled us to increase ethanol blending from 1.4% in 2014 to 10% in 2022 saving over ₹40,000 cr in foreign exchange this financial year & 30 million tonnes net CO2 reduction in last 8 years apart from providing prosperity to our farmers,” he added.

India Cabinet Sugar Sugarcane Ethanol Price  hails  procurement  sugar  cabinet  industry  indias  farmers  hardworking  ethanol  price  route  sugarcane  revise  decision  benefit

History of this topic

ISMA demands higher price for ethanol from B heavy molasses
1 year ago

ISMA demands higher price for ethanol from B heavy molasses

The Hindu  

The Indian Sugar Mills Association on Friday suggested compensatory increase in pricing for ethanol produced from B and C heavy molasses in the wake of the direction of the Ministry of Consumer Affairs, Food and Public Distribution restricting the use of sugarcane juice and syrup for ethanol production. “While acknowledging the government’s intent to balance the needs of consumers, ISMA …

The complex path to biofuel sustainability
1 year, 3 months ago

The complex path to biofuel sustainability

The Hindu  

Until a few years ago, working on biofuels called for constant justification in the face of electric vehicles taking over the world. The policy target in India of achieving 20% ethanol blending with petrol by 2025-26 is expected to be met almost entirely by 1G ethanol made from sugar cane and foodgrains. The groundwater depletion implications of growing sugar cane …

Sugarcane route is not sufficient to achieve E20 target: official
1 year, 7 months ago

Sugarcane route is not sufficient to achieve E20 target: official

Live Mint  

Sugarcane alone is not sufficient to achieve the 20% blending target, said Union Food and Public Distribution Secretary Sanjeev Chopra on Tuesday. “However, only sugarcane route is not sufficient to achieve the 20% blending target, therefore, ethanol from food-grains such as maize, damaged food grains and rice available with Food Corp of India has also been allowed,” Chopra said while …

Govt hikes procurement prices of ethanol for blending with petrol
2 years, 1 month ago

Govt hikes procurement prices of ethanol for blending with petrol

Live Mint  

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved a hike in the cost of ethanol procured by the public sector oil marketing companies from distilleries. The price of ethanol from sugarcane juice/sugar/sugar syrup has been raised from ₹63.45 to ₹65.61 per litre, the release said. “The Cabinet Committee on Economic Affairs …

India achieved 10% ethanol blending target ahead of schedule: PM
2 years, 4 months ago

India achieved 10% ethanol blending target ahead of schedule: PM

The Hindu  

India, the world's third biggest oil importing and consuming nation, achieved the target to blend 10% sugarcane-extracted ethanol in petrol ahead of schedule, Prime Minister Narendra Modi said. Mr. Modi said India achieved the target of blending 10 per cent ethanol in petrol ahead of schedule. The target of supplying petrol mixed with 10% ethanol was achieved in June, ahead …

India achieves 10% ethanol blending target ahead of schedule, says PM Modi
2 years, 6 months ago

India achieves 10% ethanol blending target ahead of schedule, says PM Modi

The Hindu  

India has achieved the target of 10% ethanol blending in petrol, five months ahead of schedule, Prime Minister Narendra Modi said on Sunday at event organised by the Isha foundation. This, he claimed, led to a reduction of 27 lakh tonnes of carbon emission, saved foreign exchange worth Rs 41,000 crore and that India's farmers earned Rs 40,600 crores in …

Understanding India’s ethanol blending policy
2 years, 7 months ago

Understanding India’s ethanol blending policy

The Hindu  

The story so far: The Union Cabinet on Wednesday approved amendments to the National Policy on Biofuels, 2018, to advance the date by which fuel companies have to increase the percentage of ethanol in petrol to 20%, from 2030 to 2025. Since two decades, India has been moving towards putting in place an ecosystem to have more ethanol blended into …

Centre approves ethanol price hike by up to Rs 1.47 per litre for mixing in petrol
3 years, 1 month ago

Centre approves ethanol price hike by up to Rs 1.47 per litre for mixing in petrol

Firstpost  

Higher mixing of ethanol in petrol will help cut India’s oil import bill and also benefit sugar cane farmers as well as sugar mills The Union Cabinet on Wednesday 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 …

Govt approves highest ever FRP on sugarcane, move to benefit 5 crore farmers
3 years, 3 months ago

Govt approves highest ever FRP on sugarcane, move to benefit 5 crore farmers

India TV News  

Sugarcane FRP hike: The Narendra Modi government on Wednesday decided to hike Fair and Remunerative Price on sugarcane. The move is likely to benefit nearly 5 crore sugarcane farmers and their dependents, Union Minister Piyush Goyal said during a press briefing. In the current sugar season 2020-21, about 2,976 lakh tons of sugarcane of worth Rs 91,000 crore was purchased …

Indian Govt to Advance Implementation of 20 Percent Ethanol Blended Gasoline by 2 Years
3 years, 6 months ago

Indian Govt to Advance Implementation of 20 Percent Ethanol Blended Gasoline by 2 Years

News 18  

India's government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol, according to brokers and a publication in the country's official gazette on Wednesday. "The central government hereby directs that the oil companies shall sell ethanol blended petrol with percentage of ethanol up to 20% as per the Bureau …

OMCs, Sugar Mills And Banks to Set up Escrow Account to Pay For Ethanol Procurement
4 years, 4 months ago

OMCs, Sugar Mills And Banks to Set up Escrow Account to Pay For Ethanol Procurement

News 18  

Sugar mills, oil marketing companies and banks are willing to enter into an agreement to create an escrow account for payment of ethanol procurement, a move that will enable sugar factories to avail soft loans for setting up distilleries, the food ministry said on Saturday. Banks could now consider giving loans to even those sugar mills that have weak balance …

Discover Related