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Bloomberg Quint

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Image Credit: Bloomberg Quint

Maize Supply Key To India's Ethanol Blending Target: Shree Renuka Sugars' Executive Chairman

  • India is planning to increase its ethanol blending target in petrol from 20% to 30% by 2030.
  • Achieving this requires a substantial increase in ethanol production, which will heavily rely on the grain sector, specifically maize.
  • Atul Chaturvedi, the executive chairman of Shree Renuka Sugars Ltd, stated that the sugar sector can only contribute about 7 billion liters of ethanol, while India would need about 15-16 billion liters of ethanol for the 30% blending target.
  • Chaturvedi also highlighted the challenges of using maize for ethanol production, including potential disruptions to the oilseed sector, such as impacting soybean crushing.

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