Investor Centre : Press Releases
Simbhaoli Sugars On Ethanol Expansion Overdrive
New Delhi October 7, 2005. The Simbhaoli Sugar Mills Limited, the largest integrated sugar refinery in India, has identified Ethanol production as its key future business driver and is going ahead full steam with its Ethanol capacity expansion programme.
The Company is doubling its current Ethanol production output from 18 million litres per annum to 36 million litres per annum by setting up a new 60 KL/D Ethanol plant adjacent to its Chilwaria Sugar Unit (Eastern U.P.) .The financial closure for this Ethanol project has been achieved partly through Rs 12.67 crore term loan from ICICI Bank and the production would commence in June 2006
According to Dr G.S.C. Rao, Executive Director –“ the new state-of-the-art ethanol plant will synergise with the existing sugar unit and help the Company achieve economies of scale. It is a part of the future growth plans of the Simbhaoli Group envisaging setting up integrated sugar, bagasse- based cogeneration and ethanol facilities. This project reaffirms the Company’s commitment to Indian Government’s twin- initiative for cleaner environment through reduction in green house gases (GHG’s) and lesser dependence on costly petroleum imports. Also, it should be an eligible venture under Clean Development Mechanism for CO 2 emission reduction.”
The Company has already bagged the 6 million per annum ethanol supply
order to oil majors in Uttar Pradesh . It is negotiating another 5
million litres supply for Haryana. Presently, nine Indian states have
been identified for 5% ethanol -blended petrol (EBP) programme. In
doing so , India is gradually veering towards Brazilian approach of
energy self sufficiency through alternative green fuel like ethanol.