Ethanol fuel can save country $500m: PSMA
KARACHI: Chairman, Pakistan Sugar Mills Association (PSMA) Punjab Zone, Chaudhry Zaka Ashraf has asked the government to introduce ethanol as alternate fuel, which can significantly help the country reduce its import bill to around $500 million in oil.
Speaking at a press briefing here on Monday he said a lot of time has been wasted in going ahead for alternate fuel based on local raw material especially sugarcane molasses.
Molasses is a by-product of sugar and is mainly exported outside the country at lower rates. Therefore, it does not help much the country economically in improving balance of trade. But, he said, if it is processed and refined in to ethanol it can significantly help the country in reducing its import bill. staff report
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| Tuesday, February 09, 2010
