A Memorandum of Understanding (MoU) has been executed between Zuari Industries Limited, Envien International Limited, Malta (EIL) and Zuari Envien Bioenergy Private Limited (ZEBPL) to build and operate a biofuel distillery and further explore the organic and inorganic business opportunities in the biofuel space in India.

In order to achieve the said objective, the Zuari and EIL have consented to establish a 50:50 joint venture which shall inter alia design, construct, commission and operate a 150 kilo litres per day (KLPD) Ethanol distillery and sell the same to Oil Marketing Companies ("OMCs") to meet their blending requirements.

The distillery will also have the flexibility to vary the product mix and manufacture Extra Neutral Alcohol (ENA) or any other suitable product based on the market need and requirement.

The MOU is an extension of an earlier signed MOU between the Zuari Industries and AZV, a.s (an Envien Group company) for setting up a sugarcane juice based 210 KLPD ethanol plant.