MicroBite, a sister concern of the startup ThePhiFactory, has raised $1.5 million from Vijay Madduri, the co-owner of Hyderabad ISL Football Team.
The company has drawn up plans to set up a five kilo litre pre day (KLPD) capacity bioethanol plant in the State. It is looking at Nalgonda, Zaheerabad and Siddipet as the possible locations. These are shortlisted due to the availability of molasses.
Bioethanol is used for blending with the fuels. Now, the blending percentage is about eight per cent and the Government of India has set targets to increase to 20 per cent. This will result in huge savings in the forex.
Tags: Biethanol, India, KLPD, MicroBite, Molasses
Recent Posts
ARIPL to power up 700 MWp solar project
Basin Electric Power CO2 capture projects receive funding
FHWA announces grants to help reduce truck air pollution near ports
Industry leaders urge realism in green hydrogen push
Oslo implements bold measures to reduce dependence on motor vehicles
IHI admits improper alteration of data over 4,000 marine engines
Shipowners welcome 40% production benchmark
MPCC opts for 2 methanol dual-fuel ships