Ethanol is a Biofuel made from corn and other plant materials. Although, the most straightforward way to create ethanol fuel is by using crops with high sugar content.
So, sugar and sugar companies are crucial for the production of ethanol.
Globally, India is the third-highest importer of crude oil and the government is now keen on lowering its crude import bill.
The government has planned to go net zero emissions by 2070. Ethanol, sugar sector combined with the electric vehicle sector push will propel the government to reach this target.
Amidst the ethanol space, the government is boosting to replace petroleum with Ethanol Blended Petrol (EBP).
Furthermore, the government has launched the E-20 fuel program and aims to achieve 20% ethanol blending by 2025.
As per a report by the International Energy Agency, India is set to become the third-largest producer of ethanol in the world by 2026.
This will present exponential growth opportunities for ethanol and sugar companies in the country.
If you are interested in riding the change, take a look at the top ethanol stocks in India.
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