• SENSEX
    NIFTY 50
Finance

OMCs, sugar mills, banks to set up escrow account to pay for ethanol procurement

Updated : August 22, 2020 07:36 PM IST

To achieve blending targets, the Centre is encouraging sugar mills and molasses-based standalone distilleries to enhance their ethanol distillation capacity.
The Centre has set a 10 percent blending target for mixing ethanol with petrol by 2022 and 20 per cent blending target by 2030.
OMCs, sugar mills, banks to set up escrow account to pay for ethanol procurement

You May Also Like

Live TV
Advertisement