The ethanol blending rate in India for the ethanol supply year 2023-24 (November 2023 to October 2024) is expected to drop to less than 10%, down from 12% in the previous year, according to a report by CRISIL. This decline is attributed to the government s decision to restrict the use of sugarcane juice and sugar syrup for ethanol production due to lower sugarcane production caused by erratic rains.
The central government having directed sugar mills not to use cane juice or syrup to produce ethanol may hurt, to some extent, the blending with fuel but it is expected to increase the production of sugar, according to a Crisil report.
India News: This article discusses the government's new scheme for assured procurement of maize for ethanol production. In response to the expected decrease in su
Green Plains Inc. (NASDAQ:GPRE – Get Free Report) Director James D. Anderson purchased 2,500 shares of the company’s stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $23.20 per share, for a total transaction of $58,000.00. Following the purchase, the director now directly owns 118,906 shares in […]