In India, the Financial Express newspaper reports that Maharashtra’s cooperative mills are looking for alternative solutions to help get them out of the financial rut they’re in that has kept them from taking advantage of soft loans offered by the national government. One proposal is for permission to blend ethanol directly at the mills’ fuel pumps to help save on logistics costs. The soft loans are meant to help mills pay farmers for government-mandated cane prices that keep sugar production costs well above market prices for sugar as well as for investments in increased ethanol production.
Category: Fuels
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