Shree Renuka Sugar to increase ethanol output
Sugar and ethanol producer Shree Renuka Sugars is expanding its biofuels operations to 970,000 litres/day from 720,000 l/d currently.
The 2.04bn rupee investment will add 250,000 l/d of ethanol by October 2022 to help meet India's growing biofuels demand.
Delhi is aiming to raise ethanol blend rates in transport fuel to 20pc by 2025 from an expected 9pc this year, aided by several incentive schemes to promote production.
Shree Renuka runs five sugar plants and three distilleries in the state of Karnataka. It put current capacity utilisation at 80pc, although this can vary depending on sugarcane feedstock availability.