Ethanol is a biofuel produced from the fermentation of sugarcane molasses and grains. Biofuel offers a renewable alternative to fossil fuels, reducing greenhouse gas emissions and dependence on petroleum.

Indian Ethanol market is booming, driven by government support, rising crude oil prices, and the need for cleaner fuels. By 2033, the market is expected to reach USD 6.2 billion, growing at a CAGR of 14.5% . Indian government has implemented policies like the Ethanol Blending Program (EBP), aiming for 20% ethanol blending (E20) by 2025 & to achieve a 30% ethanol blending rate in petrol by 2030

Oilex Trading helped establish AOT, Switzerland and Tricon Energy, USA as major suppliers of Ethanol to India.