Nayara Energy has introduced to invest ₹600 crore to set up ethanol crops in India to meet its sustainable objectives.
“The company runs the largest private fuel network in the country and setting up ethanol plants will mark a significant step towards achieving downward integration within the energy sector,” it mentioned in a press release.
In line with the Government of India’s Ethanol mixing goal of 2025, Nayara Energy plans to set up two ethanol manufacturing crops of 200 KLPD every in Andhra Pradesh and Madhya Pradesh.
The firm mentioned it had already recognized and bought land in each the States for the proposed crops.
Alessandro des Dorides, Chief Executive Officer, Nayara Energy, mentioned, “The establishment of ethanol facilities will significantly enhance our ethanol supply reliability, playing a crucial role in meeting the Indian government’s 20% blending target by the end of fiscal year 2025-2026.”
“This strategic move into ethanol manufacturing highlights our dedication to sustainability, regulatory compliance, and long-term growth in the dynamic energy sector. By expanding the presence in the ethanol segment, we aim to actively contribute to India’s renewable energy goals and fostering a greener future,” he added.
