Nayara Energy to boost ethanol production to 1,000 KLPD with <600 crore investment

New Delhi: Nayara Energy has announced plans to invest t600 crore in setting up two ethanol manufacturing plants in Andhra Pradesh and Madhya Pradesh, each with a capacity of 200 thousand liters per day (KLPD). This investment aligns with the Government of India's ethanol blending target of 20% by the fiscal year 2025-2026. The company has purchased land in the two states for the proposed plants, marking a significant step in its strategy to integrate further within the energy sector and enhance the reliability of its ethanol supplies. "The establishment of ethanol facilities will significantly enhance Nayara Energy's ethanol supply reliability, playing a crucial role in meeting the Indian government's 20% blending target by the end of fiscal year 202S- 2026," said Alessandro des Dorides, Chief Executive Officer, Nayara Energy. '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." Nayara Energy plans to further expand its ethanol production capacity to approximately 1,000 KLPD by increasing the number of plants to five in the future. This expansion is aimed at enhancing value in retail operations and ensuring the reliability of the Ethanol Blending Program.