Bijnor, Uttar Pradesh: As the government has asked to boost ethanol production, sugar companies are moving in the same direction.
According to the news report published in Livehindustan.com, five sugar mills in the district have accelerated ethanol production. The mills have produced around 9,60,40,000 litres of ethanol, out of which 8,86,94000 litres of ethanol have been sold. The mills have paid 55 per cent of the money earned by selling ethanol to sugarcane farmers. The mills from the district have sold ethanol worth Rs 504.72 crore.
The government has undertaken several supply and demand side interventions since 2014 which has enabled improvement in ethanol blending from average 1.53% during Ethanol Supply Year (ESY) 2013-14 to 7.93% during ongoing ESY 2020-21 as on July 12, 2021.
Ethanol output is likely to increase in the upcoming season 2021-22 as the government has emphasised its production.
One after another new investment is coming into the ethanol sector in the country. In the recent past, many companies had announced capital expenditure for ethanol production.
Recently government had advanced the ethanol blending target from 2030 to 2025. The roadmap for ethanol blending in India 2020-25 was released by Prime Minister Narendra Modi on June 5 this year on the occasion of World Environment Day.