India: Biofuels Annual

Commodities

On June 4, 2018, the government released the document National Policy on Biofuels 2018, which proposed blend targets of E20 and B5 be met by 2030. With continued reliance on conventional molasses ethanol, and use of commercially unproven, alternative feedstocks for conventional biofuels, as well as an increased emphasis on advanced biofuels, which are not yet commercialized, it is unlikely the new targets can be met if biofuel imports remain banned as set forth in the new policy. India is set to achieve an ethanol blend of 3.2 percent in 2018; it is second highest ever but still far short of targets as in the past. The rate for on-road biodiesel blending with diesel is estimated at 0.14 percent in 2018, only marginally higher than in recent years. 

India: Biofuels Annual