| Ethanol Industry Updates |
Indian Sugar |
O9-Nov-2023 |
- India achieved the target of 12% ethanol-gasoline blending target for the Ethanol Supply Year (ESY) 2022-23 season-ending by Oct’23.
- For the upcoming ESY 2023-24 (Nov-Oct), the Oil Marketing Companies (OMCs) have invited bids to supply ethanol of around 8.25 billion liters and the bid is valid till Jul’24. The target is to achieve 15% ethanol-gasoline blending.
- For the 2023-24 season, offers to supply 560 crore liters of ethanol are received by OMCs in the first cycle. This includes 270 crore liters of sugarcane-based ethanol and about 290 crore liters of grain-based ethanol.
- ISMA
- For the season, a target of 4.5 MMT of sugar diversion to ethanol production has been set. However, owing to the estimated lower cane production, we estimate that not more than 4 MMT of sugar would be diverted for ethanol.
