India extends $626M in soft loans for grain-based ethanol production expansion

December 31, 2020 |

In India, the Times of India newspaper reports that the cabinet has approved the extension of the soft loan program for ethanol distilleries to include grain-based facilities. Previously only facilities producing ethanol from sugarcane products could access soft financing. The hope is that with the additional $626 million in financing another billion liters in installed capacity can be built to help achieve the 10% blending mandate and work towards the 20% mandate that may be brought forward to 2025.

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Category: Policy

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