By: ICN Bureau
Last updated : June 04, 2022 6:10 pm
One of them is 110 KLPD in Gorakhpur, another one is 180 KLPD in Kashipur, which is going to get commissioned over the next couple of months
India Glycols Limited grain based bio-ethanol plants in Gorakhpur and Kashipur to be commissioned in Q2 FY23.
The company has raised capex for grain based bio ethanol plants in Gorakhpur and Kashipur and both the plants are nearing completion and they will be commissioned in Q2 FY23, Rupark Sarswat, CEO, India Glycols Limited, revealed.
One of them is 110 KLPD in Gorakhpur, another one is 180 KLPD in Kashipur, which is going to get commissioned over the next couple of months.
The grain based and biofuel Ethanol projects are in progress, which we expect going forward will help us improve the competitiveness of our Specialties and Pharma chemicals as well commented Sarswat.
Speaking on new value added chemicals, Sarswat, said, "We have worked with a new product development and innovation group working very closely for the last eight to nine months to look at new value added chemicals that we will be working on. So we've already identified phase one, and Capex for that has already been approved. Significant part of what was our R&D setup actually went to the joint venture. So we have then taken on ourselves to set up another R&D center, which has already got DSIR recognized."
Talking on green chemistry, Sarswat added, "We want to enter more value added chemicals and happy to share that though in a small way I think a Capex investment of Rs. 40 - 50 crore has already been approved. And that's the unit that we've been installing and commissioning in this financial year."
We hope to continue to build in several other areas, which includes plasticizers, carbon smart products, Amines, Green Solvents and bio polymers, etc., he added.
Right now, we are in the process of putting two grain based ethanol units. One of them is 110 KLPD in Gorakhpur, another one is 180 KLPD in Kashipur, which I said is going to get commissioned over the next couple of months. Over and above that we are in the process of evaluating whether it makes sense for investing more in this area. Once we've done our evaluation, made up our mind, we shall communicate that as well, he informed.