Triveni Engineering to invest $47M to double ethanol production in nine months

In India, the Economic Times newspaper reports Triveni Engineering plans to invest more than $47 million to double its ethanol production over the next nine months to 660,000 liters per day. By doubling its distillation capacity, it expects to triple its ethanol revenue. Sugar and ethanol make up 90% of the company’s revenue, although it expects engineering services to increase in coming years. The boost in ethanol production is a direct result of the government’s push to blend 20% ethanol with gasoline by 2023, brought forward from 2030 and later to 2025.