Coastal Corporation’s wholly-owned subsidiary, Coastal Biotech, is gearing up for a significant increase in ethanol demand, driven by recent policy shifts promoting ethanol blending in petrol. The company’s ethanol production facility in Odisha, nearing completion, is poised to play a pivotal role in meeting the growing demand.
Key Highlights:
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- Coastal Biotech’s ethanol plant in Odisha has a production capacity of 198 KLPD and is expected to commence commercial production in February 2025.
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- The Indian government’s Ethanol Blended Petrol Programme aims to achieve a 20% ethanol blending target by 2025, creating favorable conditions for ethanol manufacturers.
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- Coastal Corporation’s proactive approach aligns with India’s vision of reducing carbon emissions and enhancing energy security through increased ethanol usage.
Sources: ChiniMandi, ProjectX India, Coastal Corporation Annual Report 2024