India's target of 20% ethanol blending advanced from 2030 to 2025-26

 https://youtu.be/8khcKCfuJsQ?si=m9gs8HYGqzTFCLQg


  • India's target of 20% ethanol blending advanced from 2030 to 2025-26

  • To achieve the target of 20 per cent by 2025, about 1,016 crore litres of ethanol would be required
  • Most sugar stocks surged, after oil & petroleum minister Hardeep Singh Puri reiterated the government's focus on ethanol production. 
  • Money managers and analysts said sugar stocks could continue to firm up as the government policy on ethanol production growth becomes clearer
  • Production of indigenous biofuels will play a pivotal role in achieving the targets of net zero and import reduction. 
  • Increased the ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022. This translates into forex savings of Rs 41,500 crore, timely payment of over Rs 40,600 crore to farmers and a reduction of 27 lakh tones in CO2 emissions. 

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