Godavari Biorefineries Limited (GBL), is pleased to announce that it has received significant financial assistance of 15 Crore from the Centre for High Technology (CHT), Ministry of Petroleum & Natural Gas, Government of India, under the PM – JIVAN Yojana. This funding will be instrumental in scaling up GBL's innovative 2G ethanol technology, furthering the company's commitment to sustainable and eco-friendly energy solutions.
The financial assistance from the Ministry of Petroleum & Natural Gas will be allocated towards expanding GBL's 2G ethanol technology operations located in Sameerwadi, Karnataka. This strategic expansion will not only boost the company's production capacity but also accelerate its efforts to transform sugarcane bagasse into high-value fuels and biochemicals.
GBL's cutting-edge technology enables the efficient conversion of sugarcane bagasse, a byproduct of the sugar industry, into valuable biofuels and biochemicals. Currently, GBL operates a 1TPD biomass processing plant in Sameerwadi, Karnataka, showcasing the practical application of their innovative approach.
This financial support underscores the government's commitment to promoting sustainable and eco-friendly energy solutions and its recognition of GBL's contribution to this cause. GBL is excited to embark on this journey of scaling up its 2G ethanol technology and looks forward to achieving new milestones in the renewable energy sector.
GBL remains committed to its vision of a cleaner, more sustainable future and is eager to continue its efforts in research and development to advance renewable energy solutions that benefit both the environment and society.
For more information about GBL and its innovative 2G ethanol technology, please visit www.godavaribiorefineries.com.