Many companies are showing interest to set up ethanol plants in India after the government emphasized its production. Now, Gail (India) Ltd is planning to invest in ethanol plants to help boost the output.
According to the news published in Businessstandard.com, the company will invest about Rs 5,000 crore to build a portfolio of at least 1 gigawatts of renewable energy and set up compressed biogas as well as ethanol plants.
The sugar companies in India are all set to enhance their ethanol production capacity with many of them have started announcing capital expenditure for the same.
Recently, Hindustan Petroleum Corporation Limited (HPCL) had decided to set up a grain-based ethanol plant in the Una district with a capacity of 125 KL per day.
Recently government had advanced the ethanol blending target from 2030 to 2025. The roadmap for ethanol blending in India 2020-25 was released by Prime Minister Narendra Modi on June 5 this year on the occasion of World Environment Day.
The government believes ethanol distillation capacities in the country would be more than doubled by 2025 and India would be able to achieve a 20 per cent blending target.