Praj Industries has signed agreements with Indian Oil (IOC) and Bharat Petroleum (BPCL) to build bio-ethanol plants in India.
Three 2nd Generation (2G) bio-ethanol plants will be constructed — two for IOC and one for BPCL.
The plants for IOC will be located at Panipat, in Haryana, and Dahej, in GujaratA binding agreement of cost sharing was signed between IOC and Praj Industries for the plants.
Praj Industries has been selected technology partner by BPCL for the set up of a bio-ethanol plant in the state of Orissa. Capital outlay estimations and project timelines are under finalisation.
The plants will utilise ligno-cellulosic biomass (agri-residue) as feedstock and will be able to generate 100 kilo of litres each of ethanol daily.
Praj Industries’ executive chairman Pramod Chaudhari said: “We are pleased with the progress of setting up of 2G ethanol projects by the OMCs.
“Praj is equally committed to partner with OMCs in their achievement of completing
project targets. This is in line with government of India’s vision of increased contribution of renewables in India’s energy portfolio.”
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