Datagro tells India sugar-ethanol price parity and long-term policy needed to reach E10
Category: Fuels
In India, the Press Trust of India reports that Brazilian consultancy Datagro says that for India to achieve its 10% ethanol blending mandate, long-term pricing policy for ethanol was required that would put ethanol pricing at parity with sugar in order to encourage the required production. Expanding production has been challenging due to the weakness of many mills’ balance sheets that prohibit them taking on more debt to invest in ethanol. Brazilian mills faced a similar challenge in the 1980s, Datagro said, until the government stepped in to prioritize ethanol.
Category: Fuels