This ethanol maker announces fresh acquisition - Check details

Ethanol maker BCL Industries is planning expansion and has announced the acquisition of Goyal Distillery, based out of Fatehabad in Haryana.

BCL said that Goyal Distillery possesses the necessary land and permissions for establishing a 250 KLPD grain-based ethanol unit.

"This strategic acquisition will enable BCL to further expand its production capabilities by setting up a 250 KLPD grain-based ethanol plant along with a power plant that will utilize paddy straw as the primary fuel source. This distillery can be commissioned in nearly half of the time generally required, as all necessary clearances are already in place," the company said in an exchange filing. 

In addition to this, the company also plans to establish a biogas plant having around 20 MTPD capacity on an adjacent 9-acre plot of land, being specifically acquired for this purpose.

This biogas plant will utilize approx. 250 MT of paddy straw per day, further reinforcing BCL's dedication to sustainable energy solutions.