India biofuels market to grow 4% per year through 2018: new study

In India, Research & Markets is projecting an annual growth rate for the Indian biofuels market at 4% through 2018. Findings are contained in the company’s “Emerging Biofuel Market in India” report. The report factors in strong growth in biodiesel, but ethanol production and consumption continues to be the strong driver for Indian biofuels to date, and is expected to exceed 700 Mgy by 2018 according to the report.

Consistent national renewables policy and a reduction of intra-state trade barriers will further open up this vast market. This year, the ethanol industry has been beset by steep price rises in the primary Indian ethanol feedstock, molasses — due to failure of this year’s Indian sugar crop.

The rising numbers of passenger cars, growing economy, ad fast rising imports of foreign oil are expected to be strong drivers for biofuels.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Study projects strong uptick in Indian biofuels demand, Praj indicates exports strong

In India, the Emerging Biofuel Market in India report is projecting strong growth in the country through 2018 as the impact government mandates and rising oil prices drive demand, with ethanol consump...

Global ethanol market value to grow 14.7 per year for next 8 years, report says; China, India to grow less than 3 percent annually

RNCOS has released its Asia Pacific Biofuel Market Forecast, and projected that the global ethanol business would achieve a 14.7 percent compound annual growth rate in market value between 2006 and 20...

CBO study says carbon market could reach $60 billion in 2012

In Washington, the Congressional Budget Office has released a study concluding that the market in carbon offsets could grow to $60 billion in 2012,  as much as the current US markets in corn and whea...

New study: biofuels will have “modest impact on global water and food supply”; warns on India, China

A study by the International Water Management Institute (IWMI) in Sri Lanka warned that biofuel production in India and China would severely impact the two countries' water supplies. Charlotte de Fra...

Praj CEO says mandates, not oil prices, driving ethanol demand

In India, Praj Industries CEO Shasnak Inamdar said that mandates, and not the price of oil, are driving ethanol demand. Inamdar noted in an interview with the Business Standard that "It would not b...

Corn yields to increase 40 percent by 2018, DuPont says; corn glut looms when ethanol mandate stops growing in 2015?

In testimony before the US Senate, the chairman of DuPont's Pioneer Hi-Bred subsidiary projected a 40 percent rise in corn and soybean yields by 2018, with corn reaching an average US yield of 225 bus...