Shree Renuka Sugars has welcomed the government's E100 fuel initiative as a significant step toward India's clean energy goals. However, the company stressed that ethanol produced from sugar-based feedstocks remains less remunerative than maize-based ethanol. According to Chaturvedi, better ethanol prices are essential to make sugar industry investments viable. The push highlights the need for pricing reforms to encourage more sugar mills to diversify into ethanol production.
Shree Renuka Sugars has welcomed the government's E100 fuel initiative as a significant step toward India's clean energy goals. However, the company stressed that ethanol produced from sugar-based feedstocks remains less remunerative than maize-based ethanol. According to Chaturvedi, better ethanol prices are essential to make sugar industry investments viable. The push highlights the need for pricing reforms to encourage more sugar mills to diversify into ethanol production.