OMCs invite fresh bids for ethanol procurement

NEW DELHI: Oil marketing companies have invited fresh bids from sugar companies to fulfill its requirement of 99 crore litres of ethanol for supplies from 1st July to 30th Nov 2020. This will help cash strapped sugar mills to liquidate their sugar inventory as government has asked millers to divert sugar and sugarcane for ethanol production.

“Only millers from Uttar Pradesh can supply ethanol as mills and Karnataka and Maharshtra are closed. Millers are estimated to supply 20 crore litres as against the requirement of 99 crore litres,” said a food ministry official.

For this season, OMCs have invited bids for 511 crore litres in August last year, 253 crore litres in January 2020 and again 253 crore litres in March this year. The season runs from December to November.