Gujarat Govt. signs a MoU with BioChem USA LLC

04 February 2019

The Gujarat government has recently signed a memorandum of understanding (MOU) with US-based BioChem USA LLC to establish a Bio-Refinery in Dahej PCPIR and an Ethanol to Ethylene Plant near Vadodara.

Source: Google

Under this MoU, BioChem USA will establish a Bio-refinery that will produce fuel ethanol using plant-based raw materials such as corn. The proposal is to set up a large bio-refinery near Dahej PCPIR to process 10 lakh tons of corn and an additional 3 lakh tons of biomass per year to produce protein feed for animals, Bio-Fuel Ethanol and Bio-Jet Fuel. The Bio-Refinery is expected to come up with an investment of close to INR 2,000 crore and is expected to create 2000 new jobs in the region by the year 2021.

BioChem USA will also set up an Ethanol to Ethylene plant close to the IOCL refinery in Koyali with an additional investment of INR 1,000 crore.

The refinery is expected to come up with 24 30 months from financial closure and will start production by March 2021.

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