BiochemUSA signs MOU to develop $422.9 million biorefinery in India

In India, local press reports that Petron Scientech Inc’s BiochemUSA has signed a memorandum of understanding with the government of Gujarat to develop a $422.9 million biorefinery that will produce ethanol, biodiesel, corn oil and animal feed using corn and biomass entirely as feedstock. One million metric tons of corn and 300,000 tons of biomass will be used annually. The zero-liquid discharge facility that will create around 2,000 jobs should be ready for commissioning in 24-30 months.