IOC to set up Rs 600-crore plant for ethanol production

CHANDIGARH: The Indian Oil Corporation will set up a Rs 600-crore plant for the production of second generation ethanol in Haryana. The Haryana Government has accepted the investment proposal which approved by the empowered executive committee at its meeting held here, today.

The plant will use plant waste, stubble, husk and straw to produce 100 kilo litres of ethanol every day. The state government has agreed to provide land either on nominal lease or free of cost. Billed to be the largest such plant in the country, it is expected to generate hundreds of jobs.

The plant which would help reduce stubble burning drastically is likely to be commissioned in the next two years. The empowered committee has agreed to provide all possible incentives for setting up the plant.