Sugar sector faces ethanol problem.
Economic Times (New Delhi, India), October, 2005
Byline: Prabha Jagannathan
Oct. 10--NEW DELHI -- The sugar industry has been sitting on unused tanks of ethanol worth around Rs 408.2 crore for the last six months, thanks to oil companies showing little interest in picking up the commodity for doping petrol in compliance with the government's green fuel policy.
What really is hitting the sugar industry in the solar plexus is that the entire quantum of ethanol has been treated with the requisite denaturant as prescribed by the petroleum ministry in preparation for doping petrol and cannot, therefore, be used for any other purpose.
According to sources, oil companies like HPCL and BPCL have this time failed even to contracts for the supply of ethanol for the entire year.
Sugar...
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