PSU OMCs offer ₹6.87/litre incentive for producing ethanol from C-Heavy Molasses
Public sector oil marketing companies (OMCs) have announced an incentive of ₹6.87 per litre for ethanol produced from C-Heavy Molasses (CHM) for the ethanol supply year (ESY) 2023-24, which ends in October .
The incentive will be paid over and above the previous ESY (2022-23) procurement price of ethanol sourced from CHM at ₹49.41 per litre. The move is aimed at promoting the supply of ethanol from CHM, which has the lowest sucrose content.
After the government declares the price of ethanol sourced from CHM for ESY 2023-24, the incentive amount will be revised to ensure that the final amount is ₹56.28.
Ethanol prices now stands at ₹64 a litre from damaged rice, ₹66.07 from maize, ₹56.28 per litre from CHM and ₹60.73 per litre from B-Heavy Molasses (BHM)……
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