MRPL Plans 2G Ethanol Plant In Karnataka To Boost Energy Security

The public sector Limited (MRPL) is planning to set up a 60 KLPD (kilo litres per day) 2G ethanol plant at Harihar in Davanagere district of Karnataka.

This would boost the Central governments vision of energy security and greener fuels, a press release from MRPL said here on Friday.

The feedstock for the plant would be based on agro residues, including corn cob and cotton stalk.

The ethanol produced from the plant would be blended with petrol.

The Union government has emphasised on achieving energy security of the country with a target of reducing import dependence, that is, usage of fossil fuels by 10 per cent from the current level by year 2022.

The national policy on biofuels announced in 2018 is aimed at the accelerated promotion of biofuels with indicative targets of achieving 20 per cent blending in petrol and five per cent blending in diesel by 2030.

Apart from the reduction of imports, the 2G ethanol usage in petrol helps reduce greenhouse gas emissions and also provides additional income to farmers.

The land for the project has been procured from the Karnataka Industrial Area Development Board (KIADB).

An engineering package is being prepared for the project.

Based on the current progress, the plant is expected to be commissioned in March 2024, the release said.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Titi Coles Legacy In Finance: Pioneering Diversity And Leadership

Titi Cole, one of the most senior Black women in the world of finance, recently exited her high-profile role at Citi. He... Read more

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more