Jan 10 2016
Oasis Group to invest Rs 500 crore (5000 million) for setting up ethanol plant
At present, mostly sugar mills are producing ethanol in the country, which is being sold to the petroleum companies. India set in december a new target of mixing up to 10 per cent ethanol in petrol, but so far it has achieved only 2.5 per cent blending.
“Oasis Group is planning to set up an ethanol plant with the total investment of Rs 500 crore. The plant will be established at its current unit, Malbros International, at Zira in District Ferozepur in Punjab,” Oasis Group Chairman and Managing Director Deep Malhotra said.
In the first phase of manufacturing, the production capacity would be 2.500 000 liters per day and in the final phase, it would be taken to 500 000 liters per day. The ethanol will be produced using wheat, which is unfit for human consumption, he added.
The group operates five distilleries across the country with a collective production of about 20 crore litres (200 million) of grain-based extra neutral alcohol.
The group is in the process of launching a tripled distilled green apple and orange flavored Vodka in the premium segment shortly, besides a premium grapes spirit brandy for the South Indian market.
@business.conbio.info 2016.01.10 Lennart Ljungblom