The Rs.1,000cr plant is expected to generate $70m/year from energy imports
Gujarat Alkalies and Chemicals Limited (GACL) and GAIL (India) Limited have joined hands to set-up a 500-KLD Bioethanol plant, using corn and broken rice as feedstock with eco-friendly technology.
The estimated project cost is Rs.1,000 crore and annual revenue generation would be approximately Rs.1,500 crore, GACL said on 11 May 2022.
The plant is also expected to produce 135 KTPA Protein-rich Animal feed and 16.50 KTPA of Corn Oil from corn-feedstock.
The plant will have a long-term supply contract for corn, encouraging corn farming with sustainable, multi-fold income for farmers through increased productivity and assured market.
Steps will also be taken to improve the productivity of corn in the State with the help of the Maize Research Centre in Godhra and other institutes, said GACL.
A Term Sheet for the setting up of a Bioethanol plant in Gujarat was signed by Harshad R Patel, Managing Director of GACL, and R K Singhal, ED (BD & E&P) of GAIL.
In line with India’s roadmap for 20% Ethanol Blending in Petrol by 2025, output from the plant will result in about US$70 million savings per year in Foreign Exchange from imported energy. fiinews.com
