GBL commissions ethanol expansion project in Karnataka

Image
Press Trust of India New Delhi
Last Updated : Mar 21 2016 | 7:02 PM IST
Godavari Biorefineries Ltd (GBL) today announced the commissioning of an expansion project to manufacture 50 million litres of dehydrated ethanol at the Sameerwadi facility in Bagalkot district of Karnataka.
"The expansion will help our greater participation in the government's ethanol blending programme that mandates 5 per cent blending of bio-fuel with petrol," the company's Chairman and Managing Director Samir Somaiya said in a statement.
With this expansion, the company has the capacity to make 50 million litres per year of fuel grade ethanol, up from 15 million litres, at present.
The expansion of the fully automated plant using molecular sieve dehydration technology was completed in five months. The facility will use byproducts of their sugar manufacturing process as raw material, it said.
The company had recently raised private equity from Mandala Capital, a part of which was for the setting up of this plant, it added.
GBL produces sugar, biofuels, chemicals, power, compost, waxes and related products using sugarcane as the primary feedstock. It has two manufacturing units in Karnataka and Maharasthra.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 21 2016 | 7:02 PM IST

Next Story