India: Biofuels Annual
Domestic ethanol production in calendar year (CY) 2016 will remain close to this year’s level of 2.2 billion liters due to stable supply of sugarcane for sixth consecutive year (MY 2015/16). Fuel ethanol market penetration in CY 2016 and CY 2015 will be 2.9 percent and 2.8 percent, respectively. Both the ethanol blending program (EBP) and National Biodiesel Mission (NBM) are likely to see some momentum after the government amended and introduced several recent policy changes; which were long expected.