GACL, GAIL join hands to set up 500 KLD Bioethanol plant in Gujarat

Gujarat Alkalies and Chemicals Limited (GACL) and GAIL (India) Limited (GAIL) have joined fingers to set-up a Bioethanol plant of 500 KLD capability.

A Time period Sheet for establishing a Bioethanol plant in Gujarat was signed by Harshad R Patel, lAS, Managing Director of GACL and R Ok Singhal, ED (BD & E&P) of GAIL, within the presence of M V Iyer, Director(Enterprise Growth) of GAIL, at New Delhi, on May10, 2022.

This step is taken in response to the Hon’ble Prime Minister of India’s name for ‘Atmanirbhar Bharat’. The Hon’ble Prime Minister has launched a Roadmap for 20% Ethanol Mixing in Petrol by 2025, with a view to cut back import of crude oil and save invaluable international alternate

This plant can be utilizing corn/damaged rice as feedstock with eco-friendly know-how with a possible manufacturing capability of 500 KLD Bioethanol, which can be used for mixing in petrol. As by-products from this plant, 135 KTPA Protein-rich Animal feed and 16.50 KTPA of Corn Oil whereas utilizing corn as feedstock are additionally anticipated to be produced.

Dahod, Panchmahal, Aravalli, Mahisagar and Sabarkantha are main corn-producing districts in Gujarat and therefore, the challenge is prone to come up on this a part of Gujarat. Corn can be produced in close by states of Gujarat viz. Maharashtra, Madhya Pradesh and Rajasthan. A Detailed Feasibility Research by means of a 3rd occasion is in progress for the challenge.

The estimated challenge price is to the tune of Rs1,000 crore and it’s anticipated to generate annual income of roughly Rs1500 crore.

An estimated financial savings of USD 70 million per yr in Overseas Trade outgo is anticipated by means of this challenge. Past the financial savings, this challenge will even generate direct and oblique employment for round 700 individuals. Long run provide contract for corn would encourage corn farming with sustainable, multi-fold earnings for farmers by means of elevated productiveness and guaranteed market.

Steps will even be taken to enhance the productiveness of corn within the State with the assistance of the Maize Analysis Centre in Godhra and different institutes.

At round 1:45 PM, GAIL (India) was buying and selling at Rs150.35 apiece up by Rs1.5 or 1.01% whereas Gujarat Alkalies & Chemical compounds was buying and selling at Rs797 apiece down by Rs69.65 or 8.04% on the BSE.