Athena Capital invests $6.54M in Hydrise Group

April 18, 2022 |

In India, the Economic Times newspaper reports that Athena Capital has invested $6.54 million in Hydrise Group to finish building an ethanol plant in Madhya Pradesh that should be online in 2023. The facility will produce 300,000 liters of ethanol from 650 metric tons of broken rice per day. The investment is driven by the government policy to blend 20% ethanol by 2025, up from 10% currently but has only achieved 8.5% blending so far. 

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Category: Fuels

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