Shripati Sugar & Power Limited is advancing in the renewable energy sector by initiating a molasses-based distillery unit in Daphalapur, Maharashtra. This initiative, valued at ₹99 crores, is designed to complement their existing sugar production operations by utilizing molasses, a by-product of sugar processing, to produce ethanol. This move not only optimizes the use of by-products but also aligns with India's broader energy goals.
The planned production capacity of the distillery is 65 Kilo Litres Per Day (KLPD), positioning it to make a significant impact on the supply of ethanol in the region. This ethanol can be blended with petrol to reduce greenhouse gas emissions and improve energy security by reducing the import of crude oil. The utilization of molasses for ethanol production showcases a sustainable approach to waste management and energy production, turning a by-product into a valuable commodity.
The project holds promise for generating substantial economic benefits, including job creation during the construction phase and ongoing operations. It aims to bolster the local economy by providing new employment opportunities, thus improving the livelihoods of people in the Daphalapur area. Furthermore, it supports the agricultural sector by adding value to sugarcane farming, offering an additional revenue stream for sugar producers through the sale of molasses.
Environmental benefits are also anticipated, as the project promotes the use of renewable resources and contributes to the reduction of carbon emissions through the production of biofuels. By aligning with national ethanol blending targets, Shripati Sugar & Power is taking a step forward in supporting India's commitment to sustainable and renewable energy sources.
News by Rahul Yelligetti