Tag: sugar mills

Transport minister calls on Maharashtra mills to sell ethanol directly to consumers

Transport minister calls on Maharashtra mills to sell ethanol directly to consumers

July 16, 2019 |

In India, the Tribune newspaper reports that the transportation minister has called on sugar mills in Maharashtra to set up filling stations on-site in order to sell ethanol fuel directly to consumers. The government is facilitating investment in expansion of ethanol production and promoting vehicles like the new ethanol-fueled motorcycle in an effort to boost […]

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Sao Martinho to co-locate $94 million corn-based ethanol plant at Goiás sugar mill

Sao Martinho to co-locate $94 million corn-based ethanol plant at Goiás sugar mill

June 20, 2019 |

In Brazil, Reuters reports that Sao Martinho plans to invest more than $94 million in a new corn-based ethanol plant in Quirinópolis in Goiás, co-located with its Boa Vista mill. The new facility will produce 200 million liters of hydrous ethanol annually along with 140,000 metric tons of DDGS, but the company did not say […]

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Maharashtra looks at possible $72 million fund to help coop mills boost ethanol production

Maharashtra looks at possible $72 million fund to help coop mills boost ethanol production

June 11, 2019 |

In India, the Hindu newspaper reports that Maharashtra is looking to develop a $72 million fund for coop sugar mills to encourage increased investment in ethanol production capacity as well as infrastructure. Mills have been struggling under the double yoke of low sugar prices and high cane prices mandated by the state, so the state […]

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Ethanol distilleries saving grace for Indian sugar mills during low sugar price crisis

Ethanol distilleries saving grace for Indian sugar mills during low sugar price crisis

May 29, 2019 |

In India, Bloomberg reports that ethanol distilleries made up between 7% and 17% of revenues for the country’s top three sugar producers in 2017/18, but more importantly accounted for half of the pre-EBITDA profit, making ethanol in many ways a savior for these company’s bottom lines during several hears of low margins and low sugar […]

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Maharashtra sugar mills trying to negotiate long-term ethanol contracts with OMCs

Maharashtra sugar mills trying to negotiate long-term ethanol contracts with OMCs

May 14, 2019 |

In India, the Financial Express newspaper reports that sugar mills in Maharashtra are trying to negotiation with oil marketing companies long-term ethanol contracts in an effort to provide stability to its ethanol sector. In line with similar contracts used by mills when selling cogeneration electricity to the national grid via utilities that last 13 years, […]

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Ethanol providing more profit than sugar to Indian mills

Ethanol providing more profit than sugar to Indian mills

February 7, 2019 |

In India, Bloomberg reports that the push to boost ethanol production and consumption domestically has helped to increase revenues for sugar mills, accounting for up to 56% of the profit generated by the country’s three biggest sugar companies during the first nine months of the year. Typically, ethanol counts for a third or less of […]

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India to invest $838 million in ethanol production expansion

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 […]

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Brazilian sugar mills may reduce ethanol production this year as sugar prices set to rise

Brazilian sugar mills may reduce ethanol production this year as sugar prices set to rise

February 4, 2019 |

In Brazil, Platts reports that with ethanol set to account for 65% of cane crushed during the 2018/19 season that is just wrapping up, the highest seen in a decade, oil and gas prices are expected to impact ethanol—and therefore sugar—more than ever before. With global sugar production falling this year and edging toward a […]

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India looking to boost ethanol prices again to help sugar mills

India looking to boost ethanol prices again to help sugar mills

December 24, 2018 |

In India, the Economic Times reports that the food ministry is consulting with the Prime Minister’s Office in an attempt to get ethanol prices raised further in an effort to improve liquidity for cane mills that will in turn allow them to pay mounting debts to cane farmers. Grain-based ethanol would also benefit from higher […]

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Brazilian sugar mills continue to push more towards ethanol and shun sugar

Brazilian sugar mills continue to push more towards ethanol and shun sugar

December 3, 2018 |

In Brazil, Reuters reports that sugar mills continue to shun sugar in favor of ethanol production and are investing in more production capacity of ethanol to help ensure continued focus on the fuel while the globe swims in sugar supply. That focus on ethanol already in the 2018/19 season will see sugar production at a […]

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