(GIST OF SCIENCE REPORTER) Ethanol Blended Petrol program
Ethanol Blended Petrol program
The Cabinet Committee on Economic Affairs has given its approval for fixing higher ethanol price derived from different sugarcane based raw materials under the Ethanol Blended Petrol (EBP) Programme for the forthcoming sugar season 2021-22 during ESY 2021-22 from 1st December 2021 to 30th November 2022.
Approval is also given for the following:
The Price of ethanol from the heavy molasses route be increased from Rs. 45.69 per litre to Rs. 46.66 per litre,
The price of ethanol from B heavy molasses route be increased from Rs. 57.61 per litre to Rs. 59.08 per litre,
The price of ethanol from sugarcane juice, sugar/sugar syrup route be increased from Rs. 62.65 per litre to Rs. 63.45 per litre,
Additionally, GST and transportation charges will also be payable.
Government has decided that Oil PSEs should be given the freedom to decide the pricing for 2G ethanol as this would help in setting up advanced biofuel refineries in the country. It is important to note that grain-based ethanol prices are currently being decided by Oil Marketing Companies (OMCs) only.
The approval will not only facilitate the continued policy of the Government in providing price stability and remunerative prices for ethanol suppliers, but will also help in reducing the pending arrears of Cane farmers, dependency on crude oil imports and will also help in savings in foreign exchange and bring benefits to the environment.
The decision to allow Oil PSEs to decide the price of 2G ethanol would facilitate setting up advanced biofuel refineries in the country.