The 2.5 crore worth modern technology based plant, which has a capacity of over 45,000 litres, has been set up in cooperation with American company, Geo Cam, a spokesman of Cooperative Sugar Mills said.
The plant was inaugurated by chairperson of Panipat Cooperative Sugar Mills and Deputy Commissioner Panipat, Ajit Balaji, he added.
The spokesman said that the ethanol produced in the plant would be sold to Oil Marketing Companies, which would give an estimated profit of Rs 3 crore per year.
The mills would produce ethanol for about 300 days in a year. Production of one litre of ethanol would cost about Rs 36, he informed.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
