Bengaluru: The Government is emphasising on ethanol production to strengthen the financial condition of sugar mills and reduce the sugar surplus in India. The Centre has asked the sugarcane growing states to consider ethanol production as the main product to reduce dependence on imported fossil fuels.
Karnataka Deputy Chief Minister Laxman Savadi said, “Suggestion was made to the States at a recent meeting convened by Prime Minister Narendra Modi.” He said that now sugar mills in the state are in the process of setting up ethanol production facilities.
The Central Government has the vision to achieve 20 per cent ethanol blending with petrol by 2030. As sugar mills in India 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.
Last year to assist sugar mills, the government increased the ethanol price 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.
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