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On January 5, 2024, The Secretariat of Agriculture, Livestock and Fisheries of the Ministry of Economy authorized for the first time the commercialization of four genetically modified (GM) yeasts to enhance bioethanol production through grain fermentation. Industry supports this decision and expects it to help pave the way for a cleaner and more sustainable future in fuels.

India is the world’s most populous country and boasts one of the fastest growing economies in the world. As Indian households continue to reach higher levels of consumer spending, imported agricultural products are becoming more accessible to a larger number of people.

Demand for ethanol is expected to increase by an average of five percent annually in the near future in order to meet the 10 percent mandated ethanol blend.

With full implementation of a 7 percent blend in 2015, biodiesel production is forecast to reach 537 million liters, up from 359 million liters in 2014.

China is a major producer of biofuels and production continues to increase.