The plant is likely to commence production by March 2023
Visakhapatnam-based Coastal Corporation, an export-oriented shrimp processor, has started working on its ethanol plant. Naveen Patnaik, Chief Minister, Odisha, recently performed the ground-breaking ceremony at Maringhi Village, Gajapati District, Odisha.
Coastal Biotech, a wholly-owned subsidiary of Coastal Corporation Limited will set up an ethanol project with an installed capacity of 198,000 KLPD spread across 30 acres of land at an estimated capex of Rs 150 crore. The plant is likely to commence production by March 2023. The Engineering, Procurement and Construction (EPC) contract is given to Excel Engineering, Pune.
T Valsaraj, MD and VC, Coastal Corporation said, “We are committed and are working for national development as the Ethanol Blended in Petrol (EBP) measure is not only aimed at reducing the country’s oil import bill and carbon dioxide pollution but also improve energy security and self-sufficiency measures.”
