India has been blending ethanol in gasoline for several years, but its growth in the market has taken place in fits and starts as the government continues to strive for a coherent biofuel policy. Encouraged by Brazil’s success in this area, concerned about reducing high energy import bills and, perhaps more important, spurred into action by a domestic sugar glut and consequent price slump, the government is renewing efforts to create a domestic market for ethanol. Promoting ethanol...
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