India Set to Overtake China as the Third Largest Ethanol Consumer
According to a recent International Energy Agency (IEA) research, India is on track to be the world's third-largest ethanol market after the United States and Brazil by 2026. This comes after India increased ethanol use to a projected 3 billion liters between 2017 and 2021.
As it accelerates the transition to a clean energy environment to become carbon neutral by 2070, India is on track to overtake China as the world's third-largest ethanol user by 2026. According to the International Energy Agency (IEA), ethanol demand in India tripled between 2017 and 2021.
IEA states that India has made "excellent progress" in expanding ethanol blending. Blending was 2% in 2017, though by the summer of 2021, it had reached 8%, bringing the country on target to attain 10% blending this calendar year.