What are the requirements for setting up an Ethanol Distillery?
India is consistently listed among the top five nations worldwide in terms of its imports of petroleum products. 82% of India's crude oil comes from the United Arab Emirates, Iraq, Saudi Arabia, the United States, and other countries. In 2020 and 2021, India imported 185 million metric tons of gasoline valued at $55 billion US dollars. India needs to bring in more crude oil every year because its oil reserves aren't enough to meet the growing demand in its market.
To find a solution to the problem of increased oil and petroleum imports, the Indian government is examining several potential alternatives, such as increasing the quantity of energy generated from renewable sources, replacing ethanol with gasoline, etc. The government has set a goal to achieve a 20% ethanol-to-gasoline ratio by the conclusion of the 2024 fiscal year. Because ethanol is less expensive than gasoline, the government would be able to save approximately $4 billion.
