Home >Companies >Emami Biotech to invest Rs4 bn in Ethiopia

Kolkata: Emami Biotech Ltd, a unit of Emami Group, is planning to invest Rs400 crore to develop biofuel plantation in Ethiopia, a company official said on Monday.

“The Ethiopian government has already allotted the land and the first phase of commercial plantation has begun," said Emami Group director Aditya V. Agarwal.

Commercial production has begun on 30,000 acres of land, he said.

The project, with an annual capacity to produce 100,000 tonnes of crude biofuel and edible oil, would be fully operational in 4-6 years.

“Bio-fuel would be exported to India for production of bio-diesel and the edible oil produced in Ethiopia will be used for captive consumption," said Agarwal.

The company already has a bio-fuel plant at Haldia, West Bengal, with a daily capacity of 300 tonnes and 1,000 tonnes of edible oil, he said.

Emami Biotech is planning to develop two edible oil plants in Gujarat and Tamil Nadu at a total investment of Rs300 crore, said Manish Goenka, director, Emani Group.

“We have already signed a memorandum of understanding with the Gujarat government for the developing the plant and in Tamil Nadu we are scouting for appropriate site near the ports," said Goenka. He said the initial capacity at the Gujarat plant would be around 1,000 tonnes of edible oil a day.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Edit Profile
My ReadsRedeem a Gift CardLogout