Oil companies against alternate fuel: PSMA

Chairman Pakistan Sugar Mills Association (PSMA) Ch Zaka Ashraf said on Wednesday the oil companies’ lobby had become active to off-track the initiative to have alternative fuel by producing fuel grade ethanol out of molasses (sugar industry residues).

Expressing his concern over the present rise in the international oil prices, he said it would have a negative impact on the national economy, particularly consumer items.

According to him, the initiative of alternative fuel by producing fuel grade ethanol out of molasses (sugar industry residues) was a highly commendable step on the part of President General Pervez Musharraf, but the “hidden lobby” of oil companies had become active to put it off track by all possible means.

Daily Times