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From food to fuel: What sparked the transformation in sugar industry?

The Indian sugar industry, the second largest global producer after Brazil (~36.5 MT), with 30.8 MT of production in the sugar season (Oct-Sep) 2020-21, was traditionally known for exports, cyclicity and its high operating costs.

Synopsis

The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating India’s transition towards renewable energy. The industry, which was mainly perceived to be within the food ecosystem, is now also considered one of the core drivers of the clean energy initiative.

India is one of the biggest exporters of sugar and has surplus production that can be used to manufacture ethanol. Recent government policies are aimed at boosting the production of ethanol and increasing the blending rate to 20% by 2025. How will it impact the bottom line of sugar companies?The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating India’s transition towards renewable

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Source: Indiatimes.com

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