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Grainspan Invests Rs 520 Crore On Grain-Based Ethanol Plants
- Grainspan Nutrients invested Rs 520 crore to set up two grain-based ethanol plants in Ahmedabad as part of the Union Food Ministry's interest subsidy scheme.
- The two plants use maize and rice as feedstock with a total capacity of 350 kilolitres per day.
- The first plant with a capacity of 110 kilolitres per day became operational in May 2023 and the second plant with 240 kilolitres per day capacity was commissioned recently.
- Grainspan supplies green fuel for blending with petrol to Oil Marketing Companies.
- India sees immense growth potential in ethanol production, catering to domestic demand and exports.
- Grainspan's diversification into ethanol led to an increased turnover of Rs 760 crore.
- The company supplied 8 crore liters of ethanol in the 2024-25 Ethanol Supply Year to OMCs.
- The article discusses the increase in ethanol blending levels and the government's target of achieving 20% blending by 2025-26.
- India's total ethanol-making capacity has significantly increased over the years with various interest subsidy schemes promoting production.
- The ethanol production capacity in India has risen to 1,810 crore liters, including grain-based capacity, showing a fourfold increase since 2013.
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