India to invest $838 million in ethanol production expansion

February 6, 2019 |

In India, the Business Standard reports that sugar mills and other industries are investing $838 million to expand ethanol production as the country looks to reduce fossil fuel imports and the sugar industry looks to stabilize itself. About 40% of the new production capacity will be in Maharashtra with another 30% in Uttar Pradesh. Nearly 200 sugar mills have applied for soft loans from the government with 114 projects already approved. State governments are kicking in funds as well as the central government to encourage mills to invest.

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Category: Producer News

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