Prices of Extra Neutral Alcohol (ENA) may face some headwinds as the government pushes towards its target of blending of 10 per cent fuel-grade ethanol with petrol by 2022, said Radico Khaitan
India has set a target of 20% ethanol-blending with petrol by 2023-24 and the ultimate goal is to have 100 per cent ethanol-run vehicles, Commerce and Industry Minister Piyuh Goyal said on Friday.
Move criticised for ignoring large-scale hunger and impeding initiatives to save ground water, though it could also help solve the problem of surplus grain lying with FCI
The present biofuel policy is invitation to ecological disaster
The gap is expected to be met by non-sugarcane sources like wheat and corn
The state, along with Maharashtra, clocks 9-10% of blending due to higher cane availability
The country is also targetting 5 per cent biofuel blending by 2030, as part of the National Policy on Biofuels