GACL and GAIL India to build $132M corn/broken rice-based ethanol plant in Gujarat

In India, Gujarat Alkalies and Chemicals Limited (GACL) and GAIL (India) Limited (GAIL) signed a Memorandum of Understanding to set-up a bioethanol plant of 500,000 liter per day capacity. This plant will be using corn/broken rice as feedstock with eco-friendly technology and it will produce 500 KLD Bioethanol, which will be used for blending in petrol. As by-products from this plant, 135 KTPA Protein-rich Animal feed and 16.50 KTPA of Corn Oil while using corn as feedstock are also expected to be produced. The estimated project cost is to the tune of $132 million and it is expected to generate annual revenue of approximately $198 million.