Praj Industries and Indian Oil Corporation to Set up New Bio-Ethanol Plants in India
Praj Industries has signed a binding agreement for cost sharing with Indian Oil (IOCL) to establish two new second-generation bio-ethanol plants in Haryana and Gujarat, India.
Praj currently provides solutions to bio-ethanol facilities and brewery plants, as well as water and wastewater treatment systems. Next-generation bio-ethanol technology uses ligno-cellulosic biomass or agri-residue as feedstock, helping the farming community to earn more revenues from agri-waste. The bio-ethanol also helps to reduce dependency on imported crude oil. “Praj is equally committed to partner with OMCs in their achievement of completing project targets. This is in line with the Government of India’s vision of increased contribution of renewables in India’s energy portfolio,” said Praj Industries executive chairman Pramod Chaudhari.
New plants are expected to be capable of producing 100,000l of ethanol per day. In September 2017, IOCL partnered with Praj as technology partner to establish various next-generation bio-ethanol plants based on its indigenously developed technology. According to the deal, Praj industries will be providing plant machinery and help IOCL in operating and maintaining the facilities. According to Bioethanol Market report published by Coherent Market Insights, sugar and starch can be used for the production of bioethanol. However, during the manufacturing of bioethanol, a large amount of carbon dioxide is released, which harms the environment.
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