In India, the Economic Times newspaper reports the government has green lighted funding for 422 ethanol projects across 22 states that should produce and additional 16.7 billion liters of ethanol, requiring investment of nearly $5.6 billion. Current installed ethanol production is 6.84 billion liters. Nearly half of the project proposals came from grain distillers while […]
In India, the Press Trust of India reports that the government is looking at the possibility of extending its soft loans to promote ethanol production, currently only available for molasses and sugarcane, to grain-based facilities in an effort to quickly ramp up ethanol production. The country’s 20% ethanol blending goals for 2030 aren’t likely to […]
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 […]
In India, the food ministry has gone back to cabinet to seek another $951 million in soft loans in order to facilitate implementation of 168 ethanol projects. Already 114 ethanol projects have been approved. The funding is in the form of five-year’s worth of interest subsidy, lowering interest rates to 6% or dropping bank rates […]
