Lucknow: The government took various measures to boost ethanol output in the country. And now sugar mills in Uttar Pradesh are eyeing to invest in increasing ethanol production capacity.
According to the reports, the Uttar Pradesh government-controlled distilleries will be producing 53 million litres of fresh ethanol and investing Rs 160 crore for the same. The step will boost the sugar industry.
The ethanol will be sold to the public sector oil marketing companies (OMC) through ethanol blending programme. The scheme is promoted by the central government to adopt greener fuel and reduce the oil import bill.
Recently, 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 was fixed at 59.48 per litre.
The Central government has the vision to achieve 20 per cent ethanol blending with petrol by 2030 and is moving in the same direction.
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