Only 7% of Indian soft loans disbursed for ethanol projects
February 14, 2019
| Meghan Sapp
In India, Cogencis reports that only 7% of the soft loans approved by the government for ethanol productions—$56.1 million of $856.8 million—have been disbursed so far. The loans include a one-year deferment on payments and were announced in June to speed up the deployment of ethanol projects that would in turn help sugar mills climb out from under growing stockpiles of sugar. About 500,000 metric tons of B-heavy molasses are expected to be diverted towards ethanol production this year but that figure could go up significantly if the new facilities are brought online.
Category: Fuels