As per recent research of International Energy Agency (IEA), India is on track to become worlds third-largest ethanol market by 2026.
India will only be left behind United States and Brazil by 2026, as it has accelerated the transition towards clean energy Environment to become carbon neutral by 2070.
This research came after India increased ethanol use in between 2017-2021 by three-fold, to a projected 3 billion litres.
With this, India is set to overtake China as the worlds third-largest ethanol user by 2026.
According to IEA, India has made huge progress in expanding ethanol blending.
Blending was 2 per cent in 2017. By 2021, it had reached to 8 per cent. It thus brought India on target to attain 10 percent blending in 2022.
Ethanol is one of the principal biofuels. It is naturally produced by Fermentation of sugars by yeasts or through petrochemical processes like ethylene hydration.