Blending 20% ethanol could save India $6.12 billion by 2021/2022

In India, a new study led by the University of Petroleum and Energy Studies says the country could save $6.12 billion in foreign exchange from avoided oil imports if instead it blended 20% of domestically produced ethanol through 2021/2022. Nearly 10.5 million metric tons of carbon would also be saved as a result of compliance with the proposed higher blending policy. Currently, the country’s installed ethanol production capacity is 27% short of the required volume to meet the demand for fuel as well as for industrial and chemical use.