In India, ethanol producers still face major challenges even after the Indian government permitted the production of ethanol directly from sugar. Production prices in Uttar Pradesh are currently $2.50 per gallon compared to a government purchase price of $2.06 per gallon.
Producers say that, while there is a 20 percent gross profit on ethanol production at current cane and ethanol prices, transportation costs of the fuel are prohibitive and eliminate profits.
In India, the government recently approved the production of ethanol directly from sugar and made E5 mandatory from this month. E10 is mandated as of October 2008.
Last week, 10 sugar-producing states in India agreed to a framework for a national E10 mandate. India’s sugar crop this year is expected to exceed 29 million metric tons. With domestic consumption at 19 million tons and exports at 1.5 million tons, the country is turning to ethanol production to avoid a catastrophic sugar glut.
In India, Dollex Industries and Madhya Pradesh government have signed an agreement for a $26 million investment in an integrated agro-energy complex for sugar processing, and ethanol and power generat...
International sugar prices are expected to remain in check during the 2008-09 season, according to a report in The Hindu. The report projects that large surpluses in Brazil and India, and weak demand ...
India Glycols acquired a a 96.56% stake in Shakumbari Sugar & Allied Industries for $12 million. Shakumbari Sugar has a sugarcane ethanol output of 4 Mgy. India Glycols will double the sugarcane cru...
In India, sugar stocks have soared as the Sensex index passed the 16,000 mark, as Indian investors revised their projections for the sector in the wake of the Indian government's E10 ethanol mandate. ...
In India, sugar stocks have soared as the Sensex index passed the 16,000 mark, as Indian investors revised their projections for the sector in the wake of the Indian government's E10 ethanol mandate. ...
In Sri Lanka, Pelwatte Sugar Industries has proposed a $150 million, 140,000-acre sugarcane project that will supply the country's entire fuel needs, sugar requirements and 150 MW of electricity.
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