Government approves loans for 95 more ethanol plants

In India, the government has given in-principle approval for 95 more ethanol projects under the new window of Ethanol Interest Subvention Schemes. The decision is expected to add an annual ethanol production capacity of around 4.80 billion liters in the country.

The Department of Food and Public Distribution said, out of these projects, 68 are grain-based, 20 are molasses based, and seven projects are based on dual feedstock. These projects have the potential to bring an investment of about $1.47 billion and will create hundreds of employment opportunities in rural India. Since the schemes were notified in April this year, 243 projects have been given in-principle approval under the new window.