27Oct2023 Indian Ethanol Industry Updates

Ethanol Industry Updates Indian Sugar 27-Oct-2023
  • India Ethanol Update:
  • India is all set to achieve the target of 12% ethanol-gasoline blending target for the Ethanol Supply Year(ESY) 2022-23 season-ending by Oct’23. As of Aug’23, India achieved 11.7% ethanol blending in gasoline for which the industry supplied about 4.13 billion liters of ethanol. This includes about 3.45 billion liters of ethanol supplied from the sugarcane industry.
  • For the upcoming 2023-24, 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. For the supply year that starts from 1st Nov’23, the target is to achieve 15% ethanol-gasoline blending.
  • More than 80% of the ethanol requirement is produced using sugarcane (Juice/b-heavy/c-heavy molasses) as feedstock. For the 2023-24 season, the industry is estimating about 4.5 MMT of sugarcane to be diverted towards ethanol production over the 4.1 MMT that was supplied in the 2022-23 season.