Triveni Engineering to Divert 12 Percent of Sugar Production to Ethanol
Triveni Engineering & Industries, a major sugar producer in India, has decided to divert 12% of its sugar production to ethanol, reports CNBCTV18. The company announced this after the centre considered raising ethanol realization.
“The expectation of the industry is to divert 4.5 million tonne of sugar towards the ethanol programme this year, and we are going to be diverting almost 12 percent of our sugar towards ethanol,” Tarun Sawhney, the Vice Chairman and MD of Triveni Engineering & Industries was quoted as saying to CNBCTV18.
The company is planning to expand ethanol capacity from 660 kilolitres per day to 1,100 kilolitres per day, he said.
By FY25, the company is expected to increase its ethanol production from 18 crore litres to 31 crore litres, said Sawhney.
The Ethanol Blending Programme has saved foreign exchange as well as strengthen energy security of the country. By 2025, it is targeted to divert more than 60 LMT of excess sugar to ethanol, which would solve the problem of high inventories of sugar, improve liquidity of mills thereby help in timely payment of cane dues of farmers and will also generate employment opportunities in rural areas.
Despite the company’s focus on ethanol, Sawhney clarified that the board has not contemplated a demerger of their engineering business. Instead, the company is fully committed to expanding its presence in the ethanol industry.
The increase in ethanol production is not only beneficial for the industry, but also for the environment. Ethanol is a renewable fuel produced from plant materials, making it a more sustainable alternative to fossil fuels. Additionally, using ethanol in gasoline can reduce greenhouse gas emissions and improve air quality.
