New Delhi: Nexgen Energia will be expanding its business by investing Rs 300 crore into ethanol projects across the country.
The fastest growing clean fuel energy company announced to invest in the ethanol segment to boost production in the country which would help India to achieve a 20 per cent ethanol blending target.
India has advanced 20 per cent ethanol blending target from 2030 to 2025 and designed policies that would enhance the conversion of feedstock to ethanol and boost the blending programme.
Dr Piyush Dwivedi, Chairman of Nexgen Energia Ltd, said, “We are working on boosting ethanol production in India by expanding the operations of ethanol plants that would benefit farmers as well as reduce pollution apart from lowering India’s expenditure on oil imports. We are on a path to build a sustainable future for our next generation and following the government’s vision of Atmanirbhar Bharat.”
