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
GCMD completes biofuel supply chain trials with Hapag-Lloyd
Airbus partners with Avolon on hydrogen aviation
Nuclear power transition more safe option for decarbonisation than coal
ABS presents industry’s first advisory on ammonia bunkering
AW Shipping orders multiple dual-fuel vessels from China
HIF Global partners with Airbus to advance development of SAF
ASL Aviation signs agreement with ZeroAvia for retrofit
AM Green plans to invest $1 bn to set up 2G biofuel plants