Gujarat Alkalies and Chemicals Limited (GACL) and GAIL India signed a memorandum of understanding to set up a 500 KLD bioethanol plant at an estimated investment of ₹ 1,000 crore in Gujarat. The deal was signed by the representatives of both the companies at Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel, a state government release said, adding that the plant would produce 500-kilo litres of bioethanol on a daily basis.
Bioethanol is an alternative to fossil fuel used in vehicles and a form of renewable energy that can be produced from agricultural feedstocks through microbial fermentation.