India: Bio-Ethanol Project Praj Partners with OMC to Set up 2G Bio-Ethanol Plants
Praj has entered into a binding agreement for cost sharing with Indian Oil Corporation on December 7, 2016 to set up one plant each at Panipat, Haryana and Dahej, Gujarat. These 2nd Generation (2G) bio-ethanol plants will have capacity to produce 100 Kilo litres of ethanol per day.
Pune/India — These agreements were executed on the side-lines of recently concluded Petrotech 2016, held in New Delhi in the presence of group of union ministers. This is a step of the MoU signed earlier this year wherein IOCL selected Praj as its technology partner for setting up multiple 2G bio-ethanol plants based on its own technology. Additionally, Bharat Petroleum Corporation Limited (BPCL) has also selected Praj, as technology partner for setting up one 2G bio-ethanol plant in the state of Orissa having the capacity of 100 Kilo litres of ethanol per day. Both parties entered into MoU to this effect on 7th December 2016. Project timelines and capital outlay estimations are under finalisation.
Second Generation bio-ethanol technology uses ligno-cellulosic biomass (agri-residue) as feedstock. Farming community is expected to be benefited from additional revenues from agri-waste.
Speaking on the occasion, Mr. Pramod Chaudhari, Executive Chairman, Praj Industries Ltd., said, “We are pleased with the progress of setting up of 2G ethanol projects by the OMCs. Praj is equally committed to partner with OMCs in their achievement of completing project targets. This is in line with Govt. of India’s vision of increased contribution of renewables in India’s energy portfolio".