India to provide $655.25 million in subsidies to boost ethanol production

In India, as part of a wider package to bailout the flailing sugarcane industry, LiveMint reports that a whopping $655.25 million will be destined to helping sugarcane mills invest in ethanol production capacity that will allow them to reduce sugar production surpluses. The country has traditionally only allowed ethanol production from molasses but the long-awaited ethanol policy that was passed last month by the cabinet deregulates the industry allowing from production straight from cane juice or bagasse.