Business Standard

Uttar Pradesh crosses Rs 12,000 crore mark in the ethanol economy

UP govt is trying to integrate the sugarcane crop with lucrative ethanol value chain in order to provide fair prices to the farmers and protect the sector from the cyclical nature of the sugar market

Sugar, Ethanol, Sugarcane
Premium

Photo: Bloomberg

Virendra Singh Rawat Lucknow
Uttar Pradesh, one of India’s leading sugarcane and ethanol producers, crossed the Rs 12,000 crore mark in the ethanol economy.  
 
Besides, the state’s ethanol capacity is pegged at 2 billion litres per annum, up nearly eight times from 240 million litres per annum five years ago. 
 
“The state’s ethanol capacity is expected to touch 2.25 billion litres per annum in the next couple of years,” UP Additional Chief 
Secretary (sugar industry and sugarcane development) Sanjay Bhoosreddy told Business Standard. 
 
He said private sector distilleries had invested almost Rs 7,500 crore to upgrade the state’s composite ethanol capacity over the past five

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 27 2022 | 11:00 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com