Brazil, China, India and Thailand have started to produce Ethanol from sugarcane that can be mixed with costly gasoline to ease the energy burden of consumers. Transport companies focus on bio diesel, produced from rapeseed in the European Union, soybeans in the USA and vegetable oils in Malaysia and the Philippines. India tries to substitute diesel with a liquid from Jatropha and Karanja plants and has come to the point where ethanol fuel is sold at more or less the same price of conventional gasoline. According to a recent World Bank study, Indian ethanol sells between Rs.19.75 and Rs.22.50 per litre. This compares to city gas prices of Rs.21 and maybe Rs.30 and more by year-end, depending on the geopolitical energy situation.
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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