Oil marketing firms invite bids for ethanol supply
Oil marketing companies (OMCs) have opened bids for the supply of 66 crore litres of ethanol for 2023-2024, spanning November 1, 2023, to October 31, 2024. Ethanol sources include sugarcane derivatives, damaged grains, or maize. Previously limited to 17 lakh tonnes, the government has removed restrictions on sugar for ethanol production. Suppliers can now provide unrestricted quantities, reflecting eased regulations and ample sugar production.
Oil marketing companies (OMCs) have invited bids for supply of almost 66 crore litres of ethanol for supply year 2023-2024, which falls between November 1, 2023 and October 31, 2024.
The ethanol can be extracted from sugarcane juice/sugar/sugar syrup, B-heavy molasses, c-heavy molasses, damaged food grains, or maize.
The government had earlier permitted only 17 lakh tonnes of sugar for ethanol production. Sources in the sugar industry said this is above the quantity permitted earlier. The ethanol blending target for the current year is 15%.
“The bids indicate that the suppliers can supply any quantity of ethanol they produce and there is no more restriction,” said Vijay Girase, proprietor of Al Sucrose Corporation. “With indications that there is adequate sugar production in the domestic market and for closing stock, the government has eased the restrictions,” he added.
Source Link: https://www.thehindu.com/business/oil-marketing-firms-invite-bids-for-ethanol-supply/article68200642.ece
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