Oil Marketing companies have already invited bids for 120 crore litre of Ethanol for blending in petrol for sugar year 2015-16 which would be 5% (approx) of the country’s total petrol consumption.
It will not only help in value addition for the farmer’s produce but will also reduce foreign exchange expenditure. Added benefits of blended petrol would be in the form of employment generation, entrepreneurship promotion and environment protection.
Molasses to Ethanol conversion is already going on and Government has taken up second generation of lignocelluloses to Ethanol production to utilize agricultural residues/wastes, and achieve the target of 10% Ethanol blending.