Tag: sugar mills

Indian sugar mills seen diverting 4.5M tons of juice and B-molasses to ethanol in 2022/23

Indian sugar mills seen diverting 4.5M tons of juice and B-molasses to ethanol in 2022/23

July 26, 2022 |

In India, the Financial Express newspaper reports that Indian Sugar Mill Association data shows sugarcane acreage will increase by 4% in the season starting in October to 5.82 million hectares but even so, sugar production will dip as a result of diversion to ethanol production. As much as 4.5 million metric tons of B-molasses and […]

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Govt opens 6-month window for sugar mills to submit ethanol proposals

Govt opens 6-month window for sugar mills to submit ethanol proposals

April 25, 2022 |

In India, the Press Trust of India reports the government will allow sugar mills to present proposals for investment in ethanol production capacity expansion and new distillation projects through October while grain-based ethanol projects are also included in the latest round of soft financing. The program subsidizes 6% per year of interest rates or 50% […]

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Indian sugar mills call for 10-year ethanol offtake contracts

Indian sugar mills call for 10-year ethanol offtake contracts

March 24, 2022 |

In India, the Business Standard newspaper reports that sugarcane mills have complained yet again that oil marketing companies are favoring non-sugar feedstock-based ethanol in their procurement. The OMCs have said previously they are not favoring grain-based ethanol over sugarcane, but they are trying to get a better balance between feedstocks. The mills say the OMCs’ […]

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Brazilian sugar mills kick start crush to produce ethanol in a hurry

Brazilian sugar mills kick start crush to produce ethanol in a hurry

March 14, 2022 |

In Brazil, despite expectations that the sugarcane crush would start later than in recent years due to weather impeding the crop’s development, Reuters reports some mills will start up in the near term to produce ethanol, taking advantage of higher gasoline prices. UNICA data shows 159,000 metric tons of cane were crushed during H2 February, […]

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Indian sugar mills earn $4.7B in ethanol sales over past four years

Indian sugar mills earn $4.7B in ethanol sales over past four years

January 3, 2022 |

In India, the Hindu Business Line reports that during the past four years, sugar mills have earned $4.7 billion from ethanol sales which has gone a long way towards helping pay off farmer dues. During the 2020/21 sugar year that ended in September, 2.2 million metric tons of sugar was diverted towards ethanol production. The […]

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Indian sugar mills confident of reaching 10% ethanol blending this season

Indian sugar mills confident of reaching 10% ethanol blending this season

December 21, 2021 |

In India, the Hindu newspaper reports the Indian Sugar Mills Association believes the country will achieve 10% ethanol blending in the current season that began on December 1. Last season achieved a record blending level of 8.1%. Already more than 3.60 billion liters have been accepted for purchase by oil marketing companies during two cycles. […]

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India to give sugar mills diverting sugar to ethanol more sugar sales quota from October

India to give sugar mills diverting sugar to ethanol more sugar sales quota from October

August 19, 2021 |

In India, the Business Standard newspaper reports that with the country fairly sure it won’t be subsidizing sugar exports in the season starting in October thanks to high global sugar prices, it is rewarding exporters and sugar mills producing ethanol from sugarcane juice and heavy-B molasses, thereby reducing sugar production, with additional monthly domestic sugar […]

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Indian sugar mills seen earning $2 billion thanks to ethanol production this year

Indian sugar mills seen earning $2 billion thanks to ethanol production this year

July 27, 2021 |

In India, the Economic Times of India newspaper reports the Minister of State for Food and Consumer Affairs told the Lok Sabha parliament in a written statement that sugar mills are expected to earn $2 billion from ethanol this season, in the year ending in November. More than 2 million metric tons of sugar will […]

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Indian Credit Rating Agency sees sugar mills rebounding thanks to ethanol

Indian Credit Rating Agency sees sugar mills rebounding thanks to ethanol

July 21, 2021 |

In India, the Indian Credit Rating Agency (ICRA) expects the credit profile of integrated sugar mills to witness material improvement in FY2023 aided by improving inventory position and higher profits from higher ethanol supplies post commissioning of enhanced distillery capacities. While higher ethanol sales, especially from B-heavy molasses, would drive the revenues and operating profits […]

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Brazilian sugar mills seen switching to ethanol production temporarily

Brazilian sugar mills seen switching to ethanol production temporarily

May 19, 2021 |

In Brazil, Reuters reports that Datagro expects sugar mills will start focusing more on ethanol production temporarily in an effort to supply the market that is seeing record prices. Sugar prices globally have seen the best prices in years, leaving mills to focus on sugar production rather than ethanol but doing so has left a […]

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