Summary:

Mr. Hardeep Singh Puri, Minister for Petroleum and Natural Gas, stated that India's ethanol blending scheme has saved US$ 11.80 billion (Rs. 99,000 crore) in foreign cash since 2014. The program has achieved a 15% ethanol mix and aims to reach 20% by 2025-26. Ethanol consumption has replaced 17.3 million metric tonnes of crude oil, reducing carbon emissions by 51.9 million metric tonnes. Since 2014, distillers have received US$ 17.29 billion, while farmers have received US$ 10.44 billion. E20 petrol is available at nearly 15,600 outlets, and E100 gasoline was introduced in March.

Ethanol production is set to rise as the government resumes rice supply from the Food Corporation of India to distilleries, allowing up to 23 lakh tonnes via e-auctions from August to October 2024. Sugarcane juice supply will start in ESY 2024-25. Additional incentives include US$ 0.12 per litre for maize ethanol, US$ 0.10 for damaged rice, and US$ 0.082 for C-heavy molasses.

Source: IBEF 

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