India ethanol consumption to rise to 3.54bn litres by 2011-2012
16 September 2011 10:13 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>India’s consumption of ethanol is expected to increase by 5.65% year on year to 3.54bn litres in 2011-2012, boosted by a rise in demand from fuel blenders, an industry executive said on Friday.
The country’s ethanol demand for fuel blending is estimated to be at around 1bn litres in 2010-2011 and is expected to grow at an annual rate of over 6% in line with the growth rate in gasoline demand, said SG Mokashi, marketing manager at India-based ethanol producer, Godavari Biorefineries.
Mokashi was speaking at the sidelines of the Global Ethanol Focus 2011 conference in Singapore. The event runs from 15-16 September.
The demand from India’s industrial and potable sectors are also set to increase in the next five years because of solid economic growth, Mokashi said.
The Indian government’s plans to increase the country’s fuel blending requirement, from 5% to 10%, will further boost the demand from this sector to 2.2bn litres in 2011-2012 if implemented, Mokashi added.
India is expected to produce 2.4bn litres of ethanol in the next five years, from a maximum production capacity of around 3bn litres, Mokashi said.
Additional reporting by Lester Teo
For more on ethanol, visit ICIS chemical intelligenceBy: Nurluqman Suratman
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