NewKerala.com

Essar's Rs 5,100 Crore Biofuel Project to Power Gujarat's Green Future

Essar Future Energy has signed an MoU with the Gujarat government to establish a large-scale biofuel complex in Devbhumi Dwarka district. The project entails a massive investment of Rs 5,100 crore and will have an initial processing capacity of one million tonnes per annum. It aims to provide clean fuel solutions for hard-to-abate sectors like aviation, shipping, and road transport, with operations slated to begin by 2029. The initiative is expected to create significant employment and bolster Gujarat's position in the clean energy transition.

Key Points: Essar Signs Rs 5,100 Cr Biofuel MoU at Vibrant Gujarat

  • Rs 5,100 crore investment
  • 1 MTPA biofuel complex in Dwarka
  • To generate 350 direct jobs
  • Focus on decarbonising aviation & shipping
  • Operations targeted for 2029
2 min read

Vibrant Gujarat: Essar Future Energy signs MoU for Rs 5,100 crore bio-fuel project

Essar Future Energy inks MoU for a major biofuel complex in Gujarat, investing Rs 5,100 crore to produce clean fuels for aviation, shipping, and transport.

"Essar is proud to be at the forefront of this transformation, partnering with the Government of Gujarat to develop future-ready, low-carbon energy solutions. - Vibhav Agarwal"

Rajkot, Jan 12

Essar Future Energy Limited on Monday signed a Memorandum of Understanding with the Government of Gujarat at the Vibrant Gujarat Regional Conference in Rajkot.

Under the MoU, Essar Future Energy will establish a large-scale biofuel complex in Devbhumi Dwarka district, with an initial feedstock processing capacity of 1 million tonnes per annum (MTPA).

The project involves a proposed investment of Rs 5,100 crore and is expected to generate around 350 direct employment opportunities, with operations targeted to commence by 2029.

The project will be developed as an SEZ unit and will focus on decarbonising hard-to-abate sectors, offering clean fuel solutions for aviation, shipping, and road transport.

The MoU was signed in the presence of Hon'ble Cabinet Minister Rushikeshbhai Patel, Hon'ble Minister of State Kaushikbhai Vekaria and other senior officials from the Energy & Petrochemicals Department, Government of Gujarat.

Commenting on the development, Vibhav Agarwal, CEO, Essar Future Energy Limited, said, "As part of the State's focus on building a green energy ecosystem for energy independence, aligned with the vision of Viksit Gujarat - Viksit Bharat @ 2047, Gujarat continues to lead India's journey in industrial growth and energy transition. Essar is proud to be at the forefront of this transformation, partnering with the Government of Gujarat to develop future-ready, low-carbon energy solutions."

The project is expected to contribute to regional development while strengthening Gujarat's clean fuels and bio-energy ecosystem.

- IANS

Share this article:

Reader Comments

P
Priya S
Wonderful initiative for Devbhumi Dwarka! 350 direct jobs will be a big boost for the local economy. Hope they also focus on training local youth for these opportunities. Clean fuel for aviation and shipping is the need of the hour.
R
Rohit P
Biofuel project by 2029 is a long timeline. Hope the execution is swift and transparent. We've seen many MoUs signed at Vibrant Gujarat that get delayed. The intent is good, but delivery is key. Fingers crossed! 🤞
S
Sarah B
As someone working in sustainability, this is a significant step. Decarbonising hard-to-abate sectors like shipping is crucial for India's net-zero goals. The scale (1 MTPA) is impressive. Hope it sets a benchmark for other states.
V
Vikram M
Good move, but what about the feedstock? 1 million tonnes is a lot. Will it be agricultural waste, or will it compete with food crops? Need clarity on the sourcing to ensure it's truly sustainable and doesn't affect farmers.
K
Kavya N
Proud moment for Gujarat! This is exactly the kind of industrial growth aligned with environmental responsibility we need. Vibrant Gujarat summits are really delivering investments. Jai Gujarat! 🙌

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50