Shree Renuka to invest in ethanol production from sugarcane juice

In India, as the country’s largest supplier of ethanol to oil marketing companies, Shree Renuka Sugars plans to boost its ethanol production using cane juice now that the government has deregulated the sector and will allow production from feedstocks other than molasses. The move follows Wilmar’s recent move taking over management of the company. It is also banking on OMCs increasing the price paid for ethanol. The company crushes 8.4 million metric tons of sugarcane per year at its seven mills in India.