毕马威：2026突破 E20 乙醇燃料标准：重塑乙醇产业为印度交通能源核心支柱洞察报告（英文版）（37页）.pdf

1、 2026KPMG.Make the Difference.Beyond E20Repositioning Ethanol as Indias Transport Energy Backbone 2026 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International L

2、imited,a private English company limited by guarantee.All rights reserved.2Beyond E20Table ofcontentsForeword by KPMG in India03Executive summary0401The build-out:Indias journey to E200602Strategic pivot:From import substitution to transport backbone1003Voices across the value chain Readiness vs sys

3、tem alignment1504The gap between E20 today and E100 tomorrow1805The five pillars of an ethanol energy backbone2406Ethanol as a crude shock buffer:The equilibrium mechanism29Conclusion:The instrument India already owns33Glossary 35Acknowledgement362Beyond E20 2026 KPMG Assurance and Consulting Servic

4、es LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2026 KPMG Assurance and Consulting Services LLP,an Indian Limited

5、 Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.3Beyond E20Foreword by KPMG in IndiaIndias energy transition is entering a decisive phase

6、.As the country balances sustained economic growth with the need to reduce dependence on imported hydrocarbons,the transport sector remains central to this transformation.Liquid fuels will continue to play a critical role in enabling mobility,even as the broader energy mix evolves.Over the past deca