Why in the news?
- Union Home and Cooperation Minister hailed the ethanol blending programme as a transformative initiative for India’s sugar cooperatives, crediting it with improving financial health and promoting rural prosperity.
Ethanol Blended Petrol Programme
- Aim: To blend ethanol with petrol to reduce reliance on fossil fuels, enhance energy self-sufficiency, and lower carbon emissions.
- Launch: 2014
- Implementation: Ministry of Petroleum and Natural Gas, in coordination with the Ministry of Food Processing and Ministry of Agriculture.
- Objectives:
- Reduce crude oil imports, thereby saving foreign exchange.
- Support farmers by using surplus sugarcane and grains.
- Promote clean fuels for climate action.
- Boost the domestic ethanol industry and create rural jobs.
- Key Features:
- Ethanol sourced from sugarcane juice, B-molasses, damaged grains.
- OMCs (Oil Marketing Companies) procure ethanol at pre-fixed prices.
- Recent Cabinet hike in ethanol procurement prices for Ethanol Supply Year 2024–25.
- Dedicated ethanol distilleries and storage infrastructure being promoted under SATAT and PLI