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Essar Future Energy Limited on Monday announced it would establish a large-scale bio-fuel complex in Gujarat's Devbhumi Dwarka district with a proposed investment of Rs 5,100 crore. The company signed a Memorandum of Understanding (MoU) with the state government at the ongoing Vibrant Gujarat Regional Conference (VGRC) in Rajkot. "The project involves a proposed investment of Rs 5,100 crore and is expected to generate around 350 direct employment opportunities, with operations targeted to commence by 2029," a release from the company said. Under the MoU, Essar Future Energy will establish a large-scale bio-fuel complex in Devbhumi Dwarka district, with an initial feedstock processing capacity of 1 million tonnes per annum (MTPA), it added. The project will be developed as an SEZ unit and will focus on decarbonizing hard-to-abate sectors, offering clean fuel solutions for aviation, shipping, and road transport, the release said, adding that it is expected to contribute to regional .
The government's Bio-E3 policy marks a crucial step in positioning India as a global bio-economy leader and is set to spark a "bio-revolution" in India similar to the IT revolution in the western world, Union minister Jitendra Singh said on Thursday. The BioE3 policy was formally launched last month and aims to facilitate sustainable and efficient utilisation of biological resources for innovation, scaling-up and bio-manufacturing of specialty chemicals, enzymes, bio-polymers, functional foods, smart proteins, veterinary products, precision bio-therapeutics and services. Speaking at the Global Bio-India Summit 2024, Singh said the policy marks a crucial step in positioning India as a global bio-economy leader. The Minister of State (Independent Charge) for Science and Technology also highlighted the importance of the Global Biotech platform, which brings together a diverse range of stakeholders, including start ups, SMEs, large industries, research institutes, and international ...
The government on Friday allowed sugar mills to use both cane juice and B-heavy molasses to produce ethanol but capped the diversion of sugar for the purpose at 17 lakh tonnes for the ongoing 2023-24 supply year. The latest decision comes a week after the government prohibited the use of sugarcane juice and sugar syrup for making ethanol, amid the industry seeking reversal of the decision. "The flexibility has been given to sugar mills for using both sugarcane juice and B-heavy within an overall cap of 17 lakh tonnes of diversion of sugar for making ethanol in the ongoing 2023-24 supply year (November-October)," Food Secretary Sanjeev Chopra told PTI. A committee of ministers took the decision during its meeting on Friday, he said. The decision has been taken amid representation received from the industry to review the December 7 order that banned use of cane juice and sugar syrup with immediate effect. It, however, had allowed supply of ethanol from existing offers received by Oi