Krishak Bharati Cooperative (Kribhco) is in the process of setting up three greenfield grain-based ethanol manufacturing plants in the states of Gujarat, Andhra Pradesh and Telangana.
Indian government has so far approved 196 grain-based ethanol plants [Full subscriber]
To date, the government has approved 196 grain-based ethanol projects with 8.59 billion-litre capacity have been approved by Union Food Ministry since January 2021, a government official said, according to local press reports.
India – 16 new ethanol plants for Uttar Pradesh [Full subscriber]
Ethanol production capacity is set to be boosted with 16 new plants to be set up during the 2021-22 fiscal year, attracting investment of INR12.5044 billion (US$168 million), according to local press reports.
Indian Oil Corporation to invest US$163 million for 2 new ethanol plants [Full subscriber]
Indian Oil Corporation (IOC) is planning to invest ₹12 billion (US$163 million) for new ethanol production plants in the states of Telangana and Andhra Pradesh, according to a top IOC official.
USA – Closure of ethanol plants impact corn farmers income [Full subscriber]
Skewed biofuels policy by the Trump administration whereby more oil refineries have been granted exemptions to blend ethanol in gasoline has invariably impacted the biofuels sector adversely and with it, the corn farmers supplying the feedstock.
Brazil – Project to build 3 new ethanol plants in Mato Grosso revived [Registered]
Halted due to the economic crisis, the planned project to build three new ethanol plants in Mato Grosso will be resumed later this year, according to local press reports. One significant […]
Brazil – Insolvency in the sugar-ethanol sector continues [Full subscriber]
Bankruptcies in the sugar-ethanol sector sparked by credit crunch nearly ten years ago do not seem to have ebbed, according to a survey conducted by RPA Consultoria. Despite a couple […]
Brazil – Glencore seeking to acquire more mills [Registered]
Swiss commodities trader Glencore is considering additional sugar/ethanol mills takeovers in Brazil, where it recently bought a second plant, according to three people familiar with the plan, reported Reuters.
Brazil – Ethanol plants invest in expanding sugar production capacity [Registered]
Encouraged by prospects of deficit in sugar output against the global demand at least until 2017/18 which has seen prices breach UScents 20/lb, ethanol plants in Brazil are investing in expanding sugar production capacity, reports Valor Economico.
Brazil – Petrobras seeks to divest from its ethanol business [Registered]
The company, whose $125 bln of debt is the biggest of any oil company, looks to recover from the on-going corruption scandal, which saw many of its executives, and various Brazilian politicians resign from their positions, plans to sell as much as $13.7 bln of assets by the end of 2016.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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