On the back of the government initiative to drive biofuels production in the country, sugar mills have lined up fresh investment to the tune of INR 60 billion (US$840 million) to upgrade for producing ethanol from sugarcane, according to local press reports.
Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel, reported Reuters.
The Uttar Pradesh government recently approved six bioenergy investment proposals worth almost INR17 billion (US$231 mln), according to local press reports.
The government has so far received around 150 proposals from sugar mills seeking soft loan under the newly legislated national biofuels policy encouraging expansion and setting up of a new ethanol capacity, a senior Food Ministry official said, according to local press reports.
The heavily indebted sugar-ethanol sector in the country is paving way for expansion in corn-based ethanol, reports Bloomberg.
Environmental sustainability of EU’s biofuel regulation questioned in a doctoral thesis [Registered]
The EU biofuel regulation does not guarantee a reduced climate impact – nor does it address the key issue of substantially reducing transport emissions, according to David Harnesk’s doctoral thesis at Lund University in Sweden.
Following the credit crunch in 2008, the sugar-ethanol sector in Brazil continues to be heavily indebted, according to local press reports.
Sinobioway Group has signed an agreement to invest CA$125m (US$100.27m) in Enerkem, a Canada-based producer of biofuels and renewable chemicals from waste.
The production of fuel ethanol is set to double in 2017/18, driven as much by the increase in sugar production that will make available additional molasses, the feedstock, reported Reuters.