Mumbai: After government hiked the ethanol prices to boost the Ethanol production in India, now sugar mills in Maharashtra are mulling to invest to increase ethanol production capacity.
An office-bearer from the Maharashtra State Sugar Co-operatives Federation talking to a leading news website said, “Maharashtra’s sugar mills have a capacity to produce to 57 crore litres of ethanol every year, and this can be doubled over the next two years with an investment of around Rs 2500 crore.”
Millers in India are struggling because of unsold stocks. Therefore, the government is focusing on ethanol production to strengthen the financial condition of sugar mills.
The government increased the price of ethanol from C heavy molasses from Rs.43.46 per litre to Rs.43.75 per litre, and the price of ethanol from B heavy molasses hiked from Rs.52.43 per litre to Rs.54.27 per litre. Price of ethanol from sugarcane juice/sugar/sugar syrup route be fixed at. 59.48 per litre.
The Central government has the vision to achieve 20 per cent ethanol blending with petrol by 2030. As sugar mills in Maharashtra have been facing issues with depressing sugar prices, surplus stocks and piling cane arrears, experts believe the production of ethanol will aid sugar mills to improve the financial condition and to clear cane arrears.
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