Indian sugar mills likely to snub OMC tender in favor of higher prices for potable alcohol

In India, sugar mills are expected to snub the ethanol tender oil marketing companies are launching Friday in favor of potable ethanol buyers who are reportedly willing to pay much more for the molecule than oil companies. Alcohol manufactures are apparently willing to pay up to 2 rupees per liter more than the OMCs. Sugar mills have been suffering from years of low prices so are looking to recuperate as much as they can financially from marketing ethanol.

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