Ethanol has greater market potential and sugar mills should explore it: Nitin Gadkari

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Mumbai: Government is emphasising on ethanol production to strengthen the financial condition of sugar mills and cut oil imports.

On Thursday while addressing a virtual ‘Jansamvad’ rally for BJP in western Maharashtra, Nitin Gadkari asks sugar mills to focus on ethanol production.

Appealing to mills in western Maharashtra to diversify their business from sugar production to ethanol, he said, “At present, the ethanol sector is worth Rs 20,000 crore. We intend to increase it to Rs 1 lakh crore. Surplus sugar production is counter productive to both sugar mills and sugarcane farmers. Ethanol has greater market potential and sugar mills should explore it.”

Recently, Centre has also urged the mills for diversion of excess sugarcane and sugar for the production of fuel Ethanol as a long term solution for addressing the problem of excess sugar stock.

With a view to encourage sugar mills to divert excess sugarcane to produce ethanol for blending with petrol, the Government has also allowed production of ethanol from B-heavy molasses, sugarcane juice, sugar syrup and sugar and has fixed the remunerative ex-mill price of ethanol derived from C-heavy molasses @ Rs.43.75/- litre, from B heavy molasses @ Rs.54.27/litre and Rs.59.48/litre for ethanol derived from sugarcane juice/sugar/sugar syrup for ethanol season 2019-2020 (December to November).

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