Praj Industries’ Post

To meet yet another condition set by the International Monetary Fund (IMF), the federal government has finally raised gas prices by up to 67% for residential consumers, while fertilizer plants have been heavily affected, with prices increased by up to 700%. #IMF #GasPrices #FertilizerPlants #Pakistan #EconomicCondition https://lnkd.in/e_wvae-v

The Indian government is considering increasing ethanol blending with petrol to 25%, with a positive outlook from NITI Aayog regarding feedstock availability, particularly from sugarcane and maize. NITI Aayog is preparing a roadmap for this plan, building on the government's confidence in achieving the 20% blending target by 2025-26. Despite earlier concerns about sugar and rice prices, as well as restrictions on certain feedstocks like sugarcane juice and B-heavy molasses, the current ethanol supply year is progressing with a 15% blending target starting May. #India #Goverment #Sugarcane #Maize #Sugar

INCREASE IN SUGAR PRODUCTION ICUMSA 45 Our last offer of Brazilian sugar ICUMSA 45 is a big tonnage: 2 million tons monthly x 12 months Sugarcane production is expected to increase slightly to around 83.5 million metric tons for the upcoming season 2023-24, compared to the 82.40m metric tons achieved in 2022-23 due to a slight recovery in plant areas affected by the flood in Sindh in the last season. https://lnkd.in/dJwpxY8y

CRISIL Ratings: 20% ethanol blending goal means more sugarcane utilisation More : https://lnkd.in/g85YZWVE #mediainfoline #CRISILRatings #ethanol #blending #goal #means #more #sugarcane #utilisation

From the editor's desk: The sugar production in 2023-24 season is projected to reach 32 million metric tons (mmt) after diverting 2 mmt for ethanol. However, the outlook for 2024-25 shows a 5.90 per cent decrease in sugar production. Read here ➡ https://lnkd.in/dR6H9d4a Uppal Shah #ChiniMandi #AgriMandiForecast #SugarSeason #SugarProduction #SugarForecast #Sugarcane #SugarNews

20 percent ethanol blending would be achieved by 2025: Pankaj Jain The government’s decision to restrict sugar diversion for ethanol production in the ongoing ethanol supply year (ESY) 2023-2024 will have no impact on the ethanol blending program, according to the oil ministry, reported Money Control. Pankaj Jain, Secretary of the Ministry of Petroleum and Natural Gas (MoPNG), assured the government’s commitment to the ethanol blending program, aiming for a 15 percent ethanol blend in petrol by 2023-24 and an ambitious 20 percent blend by FY25-26. India, heavily dependent on crude oil imports, is pushing for increased ethanol blending in petrol, produced locally, to reduce reliance on imports. The government aspires to achieve a 20 percent blending target by 2025. The decision to curtail sugarcane use for ethanol production comes amidst elevated domestic sugar prices, up about 5 percent in December compared to the previous year. Concerns also arise from below-normal rainfall in key cane-growing districts of Maharashtra and Karnataka, which collectively contribute over half of India’s sugar output. Government officials cite the need to prioritize food security, especially given the impact of El Nino on monsoons, as a rationale for the decision. While alternative sources for ethanol production, such as C-heavy molasses and grains like maize and wheat, are mentioned, experts point out that the ecosystem and supply chain for these alternatives are not yet fully established in the country. Credit: https://lnkd.in/dxyUSXtX #india #sugar #ethanol #biofuels #ChiniMandi #sugarcane #sugarindustry #agrimandi

In a recent interview with ET NOW, our Executive Chairman, Mr. Atul Chaturvedi shared insights on possibility of a government proposal to divert additional 800,000 tonnes of sugar towards ethanol production. This strategic move, utilizing surplus B-heavy molasses, is poised to slightly elevate ethanol production without impacting sugar production for the year at about 32 million tonnes. The possibility for Indian sugar being exported remains low, as it may increase the domestic sugar prices.  As a result of the move, the domestic sugar prices are unlikely to be impacted beyond about Re 1/kg. Watch the full coverage below. #RenukaSugars #SRSL #MadhurSugars #SugarIndustry #EthanolProduction #IndustryUpdates

Shares of sugar companies rose after the cabinet committee on economic affairs (CCEA) fixed ethanol procurement prices. The approved prices range from ₹48.50 to ₹49.50 per litre, depending on the distance from the sugar mill to the oil marketing companies' depot. Prices are set at ₹48.50 per litre for distances up to 100 km, ₹49 per litre for 101-300 km, and ₹49.50 per litre for distances over 300 km, according to the Economic Times. #Share #SugarCompany #CCEA #Ethanol #Prices #Sugarmill #OilMarketingCompanies #EconomicTimes

Sugar MSP: NFCSF writes to cooperative sugar mills to send their cost of sugar and ethanol production In a letter to the Managing Directors and General Managers of all cooperative sugar factories and State Federations of cooperative sugar factories in the country, the National Federation of Cooperative Sugar Factories (NFCSF) has written that the Government is giving serious thought to increasing the Minimum Selling Price (MSP) of sugar in the country. For this, the Government requires State-wise and zone-wise actual cost of sugar and ethanol production from the cooperative sugar mills, and the task of computing the same has been entrusted to NFCSF.In the letter, the Association has requested member cooperative sugar mills to send the information within a week of receiving the letter. The sugar industry has been requesting the Government to increase the sugar MSP and link it with the prevailing sugarcane FRP. This will increase revenue generation of sugar mills and improve their liquidity position, which will enable them to make timely cane payment to farmers. Credit: https://lnkd.in/gtJ2pnxP #india #sugar #sugarcane #commodities #ethanol #production #sugarmill #agrimandi

The first three and half weeks of September proved particularly volatile for RIN markets as the BOHO spread made a choppy advance toward nine-month highs, while industry conferences renewed concerns of the potential for RIN bank shortages, UCO import ban/tariffs, domestic feedstock requirements for the 45Z credit, the increasing chances for the extension of the BTC, and over 100 SREs that need to be addressed by the EPA. RIN prices rallied 20% during the first three and a half weeks of September as the BOHO spread surged to the highest level in nine months. A bipartisan bill aiming to extend the 45Z Clean Fuel Production Credit by seven years and limit eligibility to domestic feedstock spurred further strength in soybean oil markets. We view RIN prices as underpriced at current feedstock pricing, with a particular emphasis on a strong BOHO spread and an increased sensitivity to margin compression from both RD and BD facilities. We view current D4 prices undervalued between 6-10c/RIN at prevailing BOHO levels. We believe the BOHO spread, RIN supply concerns, and the potential for domestic feedstock constraints are the main drivers of RIN markets. Strengthening Asian crush margins and Chinese stimulus measures underpinned the global soybean oil market. The BOHO spread climbed 23% during the first three and a half weeks of September as gains in soybean oil were met by softer diesel prices. The BOHO spread reached $1.17/gallon on September 25, marking the highest level since late December 2023, rallying 32% over the course of just eight sessions. The September 19 release of August RIN generation showed a 23% decrease in D4 generation taking total RIN generation down 9% for an upward revised July total of 2.26 billion credits, making July the highest monthly RIN generation on record. D4 generation tumbled 23% to 639MM credits from an upward-revised July output of 828 MM credits as poor margins forced renewable diesel producers to shut in production. Read more: https://lnkd.in/gRDCP_2s #renewablediesel #biodiesel #epa #rfs #uco #dco #bft #sbo #soybeanoil #soybeans #renewables #fuels #diesel #hedging #hvo #saf #distillate #refining #ethanol #e10 #e15 #fuels #45z #ira #canada #canola #airlines #aviation #jetfuel #jet #iata #a4a #crude #airlines #travel #truckers #truckstop #ev #evcharging #rng #refining #lcfs #carb #california #lowcarbon #carbonemissions #afpm #emissionsreduction #emissions #sustainableaviationfuel #sustainableaviation #britishcolumbia #logistics #rail #trucking #cookingoil