+
Ethanol Blending Hits 14.6%, Saving Rs 750 Billion in Forex Since 2018
OIL & GAS

Ethanol Blending Hits 14.6%, Saving Rs 750 Billion in Forex Since 2018

Ethanol blending in petrol reached a record 14.6 per cent during the Ethanol Supply Year (ESY) 2023-24, with over 7 billion litres of ethanol blended, representing a notable rise from 5 per cent and 1.88 billion litres in ESY 2018-19. Minister of State for Petroleum and Natural Gas, Suresh Gopi, informed the Rajya Sabha about this development. He noted that the government’s Ethanol Blended Petrol (EBP) Programme had achieved nationwide coverage across all retail outlets as of 2024, up from 43,168 outlets in 2019.

According to data provided by the Petroleum Planning and Analysis Cell (PPAC), the EBP Programme has resulted in foreign exchange savings of Rs 750 billion since 2018. The annual savings have grown from Rs 55 billion in ESY 2018-19 to Rs 284 billion in ESY 2023-24 (as of September 2024).

The programme has facilitated payments of Rs 575.52 billion to farmers over the last three years, with sugarcane farmers being the primary beneficiaries. It has also helped replace 110 lakh metric tonne of crude oil and reduced net CO2 emissions by approximately 332 lakh metric tonnes during this period.

To enhance ethanol blending, the government has introduced measures such as expanding the range of feedstocks for ethanol production, setting administered price mechanisms for cane-based ethanol, and implementing Ethanol Interest Subvention Schemes (EISS). Furthermore, Long-Term Offtake Agreements (LTOAs) between oil marketing companies (OMCs) and dedicated ethanol plants (DEPs) have provided additional support for the initiative.

Ethanol blending in petrol reached a record 14.6 per cent during the Ethanol Supply Year (ESY) 2023-24, with over 7 billion litres of ethanol blended, representing a notable rise from 5 per cent and 1.88 billion litres in ESY 2018-19. Minister of State for Petroleum and Natural Gas, Suresh Gopi, informed the Rajya Sabha about this development. He noted that the government’s Ethanol Blended Petrol (EBP) Programme had achieved nationwide coverage across all retail outlets as of 2024, up from 43,168 outlets in 2019. According to data provided by the Petroleum Planning and Analysis Cell (PPAC), the EBP Programme has resulted in foreign exchange savings of Rs 750 billion since 2018. The annual savings have grown from Rs 55 billion in ESY 2018-19 to Rs 284 billion in ESY 2023-24 (as of September 2024). The programme has facilitated payments of Rs 575.52 billion to farmers over the last three years, with sugarcane farmers being the primary beneficiaries. It has also helped replace 110 lakh metric tonne of crude oil and reduced net CO2 emissions by approximately 332 lakh metric tonnes during this period. To enhance ethanol blending, the government has introduced measures such as expanding the range of feedstocks for ethanol production, setting administered price mechanisms for cane-based ethanol, and implementing Ethanol Interest Subvention Schemes (EISS). Furthermore, Long-Term Offtake Agreements (LTOAs) between oil marketing companies (OMCs) and dedicated ethanol plants (DEPs) have provided additional support for the initiative.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code