India: India To Save $ 381 Million Through Sustainable Ethanol Procurement System

17 Jul 19: India could save $ 381 million and ensure a consistent supply of ethanol while developing the indigenous industry, says the latest report by UPES and PLR. It emphasizes meeting the ethanol blending mandates along with the development of 2G production. The report suggests that India needs to follow international trends very closely for a robust ethanol ecosystem, which will facilitate substantial foreign exchange savings from reduced dependence on crude as well as increased octane savings.  Mr. Suhaan Mukerji, Founding Partner, PLR Chambers, highlighting the benefits accrued to the Philippines by the implementation of a 2-tier ethanol procurement policy commented, “A consistent supply of ethanol while developing the indigenous industry,…