Oil Marketing Companies invite bids for another 99 crore litres of ethanol

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New Delhi: The Oil Marketing Companies on 1st June, 2020, floated their 3rd round of Expression of Interest (EOI), inviting further bids from ethanol producers for another 99 crore litres of ethanol in the current year 2020-21, for supplies from 1st July to 30th Nov 2020. There is no change in the ethanol procurement prices to what was approved by the government in Aug 2019, thereby confirming that there will be no changes in the ethanol procurement prices or in the ethanol blending policy with petrol. In other words, the long term commitment of the Government to procure ethanol at transparent and stated policies has been re-emphasized, removing all doubts about any such changes due to fall in crude oil prices.

Centre has already 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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