维奈·乔希is Member of Board of Directors of Godavari Biorefineries Ltd. in his capacity as Executive Director since 2010 and is a committee member of Indian Sugar Mills Association (ISMA) - an apex body of Indian Sugar Mills and also a member of Finance and Taxation Panel of Confederation of Indian Industry (Maharashtra region).
He has previously served at the President of The South Indian Sugar Mills Association – Karnataka (SISMA-K) from 2016 – 2017, and has also represented the interests of sugar, ethanol and power industry before the Government of India and Provincial / State Government authorities in India.
在世界乙醇和生物燃料，我们与Vinay坐下来讨论印度乙醇混合率的变化。我们还讨论了乙醇政策、投资以及转向乙醇生产能否扭转印度糖业面临的金融问题。
看/读下面的采访。
There is definitely an opportunity for suppliers and investors in 2G technology ethanol projects.
Q:印度目前的有效混合率是多少？
Vinay Joshi：In 2017-2018 the effective blend rate was about 4.1% - about 1.5 billion litres of ethanol.
2018-2019年，混合率已上升至10月发送量的约5.7%。到目前为止，有效排放量约为17亿升。
这些增长的原因是，作为政府在2018年初宣布的政策的一部分，以B-重糖蜜为基础的乙醇。我们预计，在未来2-3年将上线的新投资的帮助下，这种增长将继续下去。
Q:印度乙醇消费增加的原因是什么？
VJ公司：关于优惠的定价政策B-heavy molasses-based and juice-based ethanol have resulted in an increase in the blending concentrate. Coupled with the priority of lifting ethanol from B-heavy molasses and juice, this has helped the sugar factories to manage their cashflow better which has also helped in diverting more sugarcane for ethanol.
我相信这一趋势将继续下去，因为2019-2020年将有更多的参与者参与石油销售公司的乙醇招标，这将导致供应量的增加。
Q： 转向乙醇生产能缓解印度糖业面临的财政困难吗？
VJ公司：The industry expects to see predictability for the next 5 – 10 years for this policy, which should encourage new investments in the sector. As well as, there should be an FRP maintained at the current level, so unless both the factors come together, the improvement in the health of the Indian sugar industry will be difficult.
But I think that with these conditions in the next 3 – 4 years’ time the Indian sugar industry will come back to normal in terms of financial health.
Q: What are the prime drivers of India’s biofuel policy? Is GHG reduction a serious concern for the government of India?
VJ公司：这四个因素促使印度政府在2018年宣布生物燃料政策。
首先，政府对温室气体减排的承诺。第二，需要减少对石油的依赖。第三，政府承诺到2021-2022年农民收入翻番。最后，由于糖产品的持续过剩，低糖价和拖欠甘蔗已成为一个问题。
我觉得生物燃料政策是印度政府为减少温室气体而采取的一揽子合规措施的一部分。虽然生物燃料的减少将影响交通部门温室气体的减少，但政府也在推广太阳能和电动汽车政策，以解决减少能源部门温室气体排放的问题。
在能源领域，政府的固定目标是到2022年将进口依存度降低10%。
有了这些围绕温室气体的综合政策，我相信减排是政府关注的问题之一。
Q： 您对关注印度乙醇行业的国际投资者有何建议？
VJ公司：目前的生物燃料政策不允许向印度进口生物燃料，这项政策的制定是为了促进印度乙醇工业，减少对进口的依赖，帮助农村经济和农民的收入。
Similarly, exports of Indian biofuels are not permitted due to limited availability. However, there is big potential for investment in the second-generation ethanol (2G) sector.
印度has a large amount of biomass available. According to the government it has between 120 – 160 million metric tonnes. Which is the equivalent of approximately 25 -30 billion litres.
Even if we assume that only 20% of this agri-biomass is used for fuel ethanol, it would amount to approximately 5 billion litres.
There is definitely an opportunity for suppliers and investors in 2G technology ethanol projects.
Find out more about the Sugar & Ethanol Asia event taking place 30 June – 2 July 2020 here.
