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’s second green hydrogen auction awards $258m to 9 companies
Indian OMCs launch new biodiesel tender for FY 2025-26
India’s first hydrogen train set for launch by March 31
India approves legislation to boost oil and gas exploration
HIF Global leads the way with first US e-Fuels route clearance
Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator
COSCO SHIPPING sets new record for biofuel bunkering
Magenta mobility introduces NorMincv IoT vehicle management platform