Construction Industry News
Nayara Energy has announced a strategic investment of Rs 600 crores to set up ethanol plants, marking a significant step in integrating within the energy sector. These plants will enhance the company’s reliability in ethanol supplies and are crucial for supporting Nayara’s sustainability goals. As the operator of the largest private fuel network in India, establishing these ethanol plants represents a major move towards achieving greater integration and sustainability within the energy sector.
In line with the government of India’s Ethanol blending target of 2025, Nayara Energy plans to set up two Ethanol manufacturing plants of 200 KLPD each in Andhra Pradesh and Madhya Pradesh. The company has already identified and purchased land in both the states with Andhra Pradesh and Madhya Pradesh Government for the proposed plants.
Speaking on the development, Alessandro des Dorides, CEO, Nayara Energy, said, “The establishment of ethanol facilities will significantly enhance Nayara Energy’s ethanol supply reliability, playing a crucial role in meeting the Indian government’s 20% blending target by the end of fiscal year 2025-2026. This strategic move into ethanol manufacturing highlights our dedication to sustainability, regulatory compliance, and long-term growth in the dynamic energy sector. By expanding the presence in the ethanol segment, we aim to actively contribute to India’s renewable energy goals and fostering a greener future.”
Establishing ethanol plants will significantly enhance Nayara Energy’s production capacity within the country. The company aims to gradually increase the number of plants to 5 with ethanol production capacity of ~ 1,000 KLPD with a focus on value enhancement in retail operations and ensuring the reliability of the Ethanol Blending Program in the future. As a major downstream player, delivering ~8% of India’s refining output, Nayara Energy fuels the country’s dreams and aspirations, contributing significantly towards India’s energy security.
New Delhi: Rosneft-backed Nayara Energy Ltd has announced an investment of ₹600 crore to establish two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a production capacity of 200 kilolitres per day.
The move, in line with the government's 2025 ethanol-blending target, will help the oil-refining to fuel-retailing major achieve vertical integration, the company said in a statement. Land has already been acquired for the proposed facilities in both states, it added.
“Establishment of ethanol facilities will significantly enhance Nayara Energy's ethanol supply reliability, playing a crucial role in meeting the Indian government's 20% blending target by the end of fiscal year 2025-2026," Alessandro des Dorides, chief executive officer, Nayara Energy, said.
Greener future
"This strategic move highlights our dedication to sustainability, regulatory compliance, and long-term growth in the dynamic energy sector. By expanding the presence in the ethanol segment, we aim to actively contribute to India's renewable energy goals and fostering a greener future," he added.
The company aims to set up five ethanol production facilities, totalling 1,000 kilolitres per day. "As a major downstream player, delivering 8% of India's refining output, Nayara Energy fuels the country's dreams and aspirations, contributing significantly towards India's energy security," the company said.
Under its ethanol-blending programme, the government aims to have 20% ethanol-blended petrol available at all fuel pumps in India by 2025. Currently, all petrol pumps sell 10% ethanol blended petrol. The move seeks to reduce dependence on imported crude oil, and ensure lower pollution.
