In India, the Deccan Chronicle newspaper reports that in spite of the government significantly restricting ethanol production from sugarcane juice in fear of a sugar shortage, ethanol blending still managed to surpass 15% as of May thanks to ethanol production from grains. Ethanol demand increased 19% during the first nine months of the 2023/24 season […]
In India, Refex Sustainable Solutions Private Limited (RSSPL) on August 20, 2024 entered into and executed an investment agreement for acquisition of controlling stake up to 51.02% of the total voting powers, from the existing promoters and investment by way of fresh equity infusion in Vyzag Bio-Energy Fuel Private Limited thereby making this entity a […]
In India, Zydus Lifesciences Limited has bought a 50% stake in fermentation-based active pharmaceutical ingredients and gelatine company, Sterling Biotech Limited, from Perfect Day Inc. Following closure of the deal, Sterling Biotech will become a 50:50 joint venture with equal representation on the Board. The JV will establish a state-of-the-art manufacturing facility to manufacture fermented […]
In India, India’s aim to blend 20% ethanol in petrol by ESY1 2025 — or ~990 crore liter annually — will require effective utilization of both grain and sugarcane feedstock to increase its supply. Annual ethanol production from grains is expected to see a significant increase to ~600 crore liter by the next season (this […]
In India, Projects Today reported that Aether Industries has entered into a manufacturing agreement with Chemoxy International, a wholly-owned subsidiary of the Seqens Group. Under this contract, Aether will produce a series of natural bio-based products exclusively for Seqens over an initial period of three years. The production is expected to commence over the next […]
In India, GAIL (India) Limited and Petron Scientech Inc (Petron) have inked a Memorandum of Understanding (MoU) to jointly explore setting up of a 500,000 tons per annum bio-ethylene plant along with its downstream unit(s) in India, based on bio-ethanol produced in the plant in a 50:50 Joint Venture (JV) mode. In line with the […]
In India, Financial Express reported that the Indian government is considering a proposal to increase ethanol prices for the next season commencing November 2024, while it aims to achieve the 20% blending target by 2025-26. The report cites sources saying that the revision of ethanol prices would be based on the fair and remunerative price […]
In India, Business Standard reported that India’s Cooperation Minister Amit Shah called on sugar mills to explore alternatives to sugarcane for ethanol production. Shah said India would achieve its 20% ethanol blending target by 2025-26, ahead of the original 2030 deadline. The minister highlighted that the government’s ethanol blending program has helped reduce the country’s […]
In India, Money Control reports sugar stocks in India saw an uptick of up to 5% amid reports that the government is poised to raise ethanol prices to foster production and meet its ambitious 20% blending target by 2025-26. Since the 2022-23 season, ethanol prices have been stagnant at Rs 65.61 per litre, a status […]
In India, Financial Express reports on the occasion of World Biofuel Day, the Society of Indian Automobile Manufacturers convened the third iteration of its international conference, sparking discussions that could redefine road transport’s energy backbone. Under the banner “The Biofuel Revolution in India: Fueling Tomorrow,” the event became a crucible for ideas on merging ecological […]
