Coastal Corporation Limited has provided an update on the progress of its ethanol project. The construction and commissioning of the ethanol plant by its wholly owned subsidiary, Coastal Biotech Private Limited, are nearing completion.
Company has set up 100% subsidiary for ethanol manufacturing at Village Maringi in Parlakhemundi Tahsil in Gajapati, Odisha spread across 30 acres.
The company announced that the construction of the ethanol plant, with a production capacity of 198 KLPD, is in its final stages. The trial run for the plant is scheduled to commence in January 2025, and the company anticipates the start of commercial production in February 2025.
Incorporated in 1981, Coastal Corporation Ltd is engaged in the processing and export of seafood.
The Government has been promoting blending of ethanol in petrol under the Ethanol Blended Petrol (EBP) Programme wherein Public Sector Oil Marketing Companies (OMCs) sell ethanol blended with petrol.
As part of its commitment to achieving a 20% ethanol blending target by 2025, India requires around 1,350 crore litres of ethanol for both blending and industrial uses. To meet this goal, the production capacity must reach about 1,700 crore litres, assuming plants operate at 80% efficiency. Current figures show that India has already achieved an impressive ethanol production capacity of 1,648 crore litres as of 30th September 2024, with several states boasting surplus capacities.
For detailed information and further insights, please refer to Chinimandi.com, which provides news about the Ethanol Industry.
