ETHANOL

IndianOil, India's leading oil firm, commenced the production of high-octane fuel for racing cars and dispatched its first batch. The Paradip refinery in Odisha is now producing STORM-X, a specialized petrol designed for motorsport.

When Narendra Modi took office as Prime Minister in 2014, he set clear goals for the oil and gas sector, leading to significant achievements over the past decade. His administration's strong policy support and close oversight have ensured nearly uni...

Jakson Green secured a contract from NTPC to build a plant in Chhattisgarh producing 10 tonnes per day of 4G ethanol from power plant flue gases. Utilizing Veolia’s carbon capture technology, the plant will capture 25 TPD CO2 and produce 3 TPD green...

Ethanol blending in petrol exceeded 15% in May, driven by increased purchases from biofuel makers. Oil companies achieved an average blending ratio of 15.4%, surpassing April's 12.7%. State-run oil marketing companies blended about 670 million litre...

Praj Industries shares surged 6.4% to a 52-week high on NSE after Union Minister Hardeep Singh Puri's announcement on India's biofuel blending targets.

Sugar stocks surged on Tuesday as Oil & Petroleum Minister Hardeep Singh Puri reinforced the government's focus on ethanol production, with notable gains seen in companies like Bajaj Hindusthan, Triveni Engineering, Avadh Sugar, and Uttam Sugar.

Oil minister Hardeep Puri emphasizes boosting domestic oil and gas production, promoting green hydrogen, and increasing ethanol use. State-run oil companies like BPCL will not be divested.

In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably t...

Nitish Kumar has been pushing for subsidized electricity rates from NTPC and other central producers. A senior JDU leader mentioned that Bihar buys electricity at a high cost and also provides consumer subsidies. Kumar might request a "one nation, o...

Toyota plans to introduce lean compact engines running on green fuels like hydrogen and bioethanol, paired with electric motors in hybrids. The company aims to push the world into carbon neutrality with optimized engines for the electrification era.

India may consider allowing sugar exports for the 2024-25 season pending final assessment of sugarcane sowing and output. The country anticipates a lower sugar production of 30 million tonnes compared to 32.8 million tonnes last year. Mills in Tamil...

India's ethanol production capacity was about 13.80 billion litres per year in November 2023, of which 8.75 billion litres were molasses-based and about 5.05 billion litres grain-based, according to government data. The production capacity was about...

Each plant will have a production capacity of 200 kilo litres of ethanol per day. These will be set up in Andhra Pradesh's Naidupeta and Madhya Pradesh's Balaghat, and are slated for commissioning by 2026. The company will use broken rice and maize ...

ISMA seeks sugar export despite surplus, impacting closing stock projections. Central government prioritizes ethanol over export, aiming to build reserves. Sugar prices rise despite production surprises, with 2024-25 forecast dependent on monsoon.

Nitin Gadkari champions hydrogen as the future fuel, promoting green fuels in India. He envisions ethanol-based vehicles dominating the market, leading to job creation in agriculture. Supporting BJP's Giriraj Singh, he emphasizes infrastructure deve...

"We believe that there's a great opportunity to support India's advancement in increasing ethanol production," said Alexis Taylor, United States undersecretary for Department of Agriculture leading the agribusiness trade mission to New Delhi. She ha...

The government is contemplating allowing sugar mills to produce ethanol using their surplus B-heavy molasses amid stable sugar prices and ample supply. With more than 8 lakh tonnes of excess B-heavy molasses in storage, the industry seeks to use it ...

Balmer Lawrie plans to diversify its business verticals by adding new units such as FTWZ and ethanol production. The company aims to increase revenue from Rs 2,300 crore to Rs 6,000 crore in three years.

"The loan will be priced 110 basis points above the six-month SOFR rate with a reset clause after every six months linked to the then prevailing SOFR rate," said a person familiar with the deal. One basis point is 0.01 percentage point. The six-mont...