India Glycols Ltd, a leading company in the chemical industry, has recently announced a significant expansion of its production capabilities. The company’s board of directors has approved plans to expand its grain-based distillery plant located in Gorakhpur, Uttar Pradesh, alongside its biofuel ethanol plants in Gorakhpur and Kashipur.
The expansion comes as part of the company’s strategy to meet the increasing demand for ethanol. The Gorakhpur distillery plant, which currently produces 110 kiloliters per day, is set to increase its capacity to 180 kiloliters per day with an investment of Rs 133 crores. This move aims to bolster the company’s production capacity significantly.
Additionally, the company is planning to expand its biofuel ethanol production facilities. The Gorakhpur ethanol plant, with an existing capacity of 100 kiloliters per day, and the Kashipur plant, currently at 140 kiloliters per day, will see an increase of 90 kiloliters and 450 kiloliters per day, respectively. The expansions will involve a total investment of Rs 14 crores, aiming to further solidify India Glycols’ position in the ethanol market.
The expansion announcement comes on the back of the company securing orders worth Rs 1,164 crore for the supply of 165.5 million litres of ethanol to major corporations including Indian Oil, HPCL, BPCL, Reliance Industries, and Nayara Energy. This development underscores the growing importance of ethanol as a sustainable fuel alternative and highlights India Glycols’ commitment to supporting India’s green energy initiatives.