Ganesh Benzoplast Limited with Golden Agri International Enterprises Pte, based in Singapore. Ltd., KN Agri Resources Ltd and other investors, through Bluebrahma Clean Energy Solutions Pvt Ltd., have ventured into the production of ethanol and extra neutral alcohol (ENA) by acquiring a 100 % in an ongoing distillery in the Nasik district of Maharashtra, Sagar. Industries and Distilleries Pvt. ltd. (SIDPL).
Govt. of India has mandated the use of ethanol by petroleum marketing companies to blend it with gasoline to make “clean fuel”. Recently, India has reached 9% ethanol blend in gasoline and aims to blend 20% ethanol by 2025. Although ENA is a good solvent, it is also used in the production of certain lacquers, paints and inks for the printing industry. such as in pharmaceuticals such as antiseptics, medicines, syrups, medicated sprays and as a key ingredient for making bottled alcohol.
The facility has an existing capacity to produce 1,00,000 liters of ethanol/per day and is being upgraded to 1,60,000 liters of ethanol/per day by adding the latest technology in multi-pressure distillation and effluent treatment equipment. Approximately 50% of the annual production capacity has already been booked with outstanding orders for 130 liters of lake for gasoline blending only from HPCL, IOCL, BPCL and Reliance. Production started on
February 26, 2022 and deliveries to OMC started the first week of March 2022.
Chairman and Managing Director Mr. Rishi Ramesh Pilani adds “we are thrilled and excited to make a foray into the fast-growing biofuels opportunity. Biofuels are one of the best short-term solutions to climate change. The government plans to significantly reduce emissions with a focus on 20% blending of ethanol and gasoline by 2025. This opportunity is a perfect synergy with our existing business. We look forward to working with the consortium in this space.”
About Ganesh Benzoplast Limited:
Ganesh Benzoplast Limited is the leading independent Liquid Storage Tank (LST) supplier specializing in the storage and handling of liquid chemicals and petroleum products and has storage terminals in JNPT (Mumbai), Cochin and Goa. GBL is also active in the manufacture of specialty chemicals, food preservatives and oil additives, having two factories in MIDC Tarapur (Maharashtra).
About Golden Agri International Enterprises Pte. ltd. : Golden Agri International Enterprises (GAIE) is a sub-holding company related to Golden Agri-Resources (GAR). GAR, listed on the Singapore Stock Exchange in 1999, is one of the world’s largest seed-to-tablet agribusinesses specializing in palm oil. The company manages around 536,000 hectares of plantations in Indonesia and in 2021 produced 2.35 million tonnes of crude palm oil (CPO). In addition, the company has two production plants in Indonesia that produce a total of 600,000 tons of biofuels per year. Through its merchandising activities, the total sales volume exceeds 10 million tons. GAR operates in 13 countries and its products are delivered to more than 70 countries worldwide, including China, India and the United States, as well as various destinations in Europe and the Middle East.
About KN Agri Resources Ltd.: Incorporated in 1987, KN Agri Resources Ltd. is an agro-industrial company, mainly involved in the business of solvent extraction and oil refining, and trading in various agricultural products. The company has three plants strategically located in the state of Madhya Pradesh, comprising three solvent extraction plants, two oil refineries and one flour mill.
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