Assago Industries Pvt. Ltd. chairman Chander Prakash Gurnani and MD and CEO Ashish Gurnani met APIIC Chairman Mettu Govinda Reddy and submitted an application for allotment of 20.70 acres in Gummaladoddi industrial park in East Godavari district at $0.091 million against the present offer price of $0.18 million for setting up a bio-ethanol manufacturing plant with 200 kilolitres per day capacity.
Gurnani stated that the proposal was to make bioethanol from damaged rice and grains and the project would make a significant contribution to the national ethanol blending programme.
The national target is to have 20% ethanol-blended fuel by 2025 in order to reduce the dependence on the import of crude oil. Currently, the ethanol blending in fuel stands at 8.1%.
To achieve the said target, the production capacity of ethanol had to be increased by up to 120%, Gurnani said. APIIC executive director G. Sudarsan Babu and chief general manager I.L. Ram were present.
Source: The Hindu
Tags: AP, Assago Industries, Bio-ethanol, Crude Oil, Ethanol
Recent Posts
India charts green shipping path: MEPC 83 outcomes discussed at IMEI-DG tech seminar
IME(I) Mumbai pioneers holistic development for future mariners with emotional resilience workshop
Adani launches India’s first hydrogen-powered truck
MAN Energy Solutions Completes Type Approval Test for Upgraded Dual-Fuel GenSet
Global Shipyards Launch Alliance to Accelerate Maritime Sustainability
Port of Antwerp-Bruges Launches Volta 1, Europe’s First Fully Electric Tugboat
CMA CGM Adds Second Methanol-Powered Vessel ‘Argon’ to Its Fleet
Electric Orkney Project Launches Game-Changing Hydrofoil Vessel ‘Zevi 1’