Indian government sets ethanol price high enough to support sugar mills

December 11, 2014 |

In India, the Cabinet Cabinet Committee on Economic Affairs has set the price oil marketing companies must pay to sugar mills for ethanol at 77 cents per liter, including taxes and transport, compared to just 46 cents that OMCs have been paying. The move will help support sugar mills to produce more ethanol and even expand production, though OMCs are screaming over the move.

 

Category: Fuels

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