IOC plans ₹600 cr. Grain based ethanol plant in Telangana and Andhra Pradesh
Indian Oil Corporation (IOC) is planning to set up a foodgrain-based, mega scale ethanol production facility each in Telangana and Andhra Pradesh with an estimated total investment of ₹1,200 crore.
Spoilt and surplus foodgrain, sourced from the Food Corporation of India (FCI), will serve as feedstock to make ethanol, for blending with petrol and reducing dependence on crude oil imports.
Director (R&D) SSV Ramakumar mentioned about the proposed facilities during a media interaction . ED and State Head of IOC for Telangana and Andhra Pradesh R.Sravan S.Rao added the 5 lakh litres per day capacity plants will entail an investment of ₹600 crore each.
Both IOC officials appreciated Telangana government for its proactive response and suggesting two locations for the plant in the State. The oil company would be evaluating the options, Mr.Rao said, adding about 80 acres, a continuous source of water and proximity to FCI godowns are aspects important for the facility. IOC was yet to approach the Andhra Pradesh government, he said.