Madhya Pradeshgovernment is preparing to unveil anethanolpolicy to attract ethanol manufacturers in the state. At least 18 investors have proposed to invest Rs 3000 crore in the state.
In the past six months, 18 potential investors have seen land parcels across different locations in the state to set up ethanol Plants. Some of the destinations being preferred by investors for setting up manufacturing units are Jabalpur, Satna, Chhindwara, Vidisha, Balaghat, Nemawar and Dhamnod.
The will soon unveil an ethanol policy for which the draft is ready to lure Investment from ethanol plants.
Key requirements of investors looking to invest in the state are availability of raw material and water as it is a water-intensive Industry.
The oil Marketing companies will float tenders or sign an MoU to lift ethanol from manufacturers and final blending will be done by oil marketing companies. Centre has laid down a target of achieving 20 per cent ethanol blending with petrol by 2025, a move aimed at reducing oil imports. At present, ethanol blending in the country is 8.5 per cent.