Praj Industries inks memorandum of understanding with IOC, BPCL for bio-ethanol plants – Feedback

Praj Industries today said it has signed agreements with Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) to set up three bio- ethanol plants in Gujarat, Haryana and Odisha.

The memorandum of understanding (MoU) were signed yesterday on the sidelines of PETROTECH 2016 held here. “Praj has entered into a binding agreement for cost sharing with Indian Oil Corporation Ltd (IOCL)…to set up one plant each at Panipat, Haryana and Dahej, Gujarat,” the company said in a statement. These second generation (2G) bio-ethanol plants would have capacity to produce 100 Kilo litres of ethanol per day. “This is a progress milestone as per MoU signed earlier this year wherein IOCL selected Praj as its technology partner for setting up multiple 2G bio-ethanol plants based on its indigenously developed technology,” the company said.

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