Siddharth Bio Products planning to set up Power Plant in Karnataka

Siddharth Bio Products Private Limited intends to build a new grain-based ethanol plant in Waghwade, Belagavi, Karnataka. The project is still in its early phases, but it will be a 45 KLPD distillery with a 1.2 MW captive power plant. The project's budget is Rs. 55 crore.The project is planned to be completed between 2025 and 2026. The distillery will generate ethanol, which can be utilized as a biofuel or as a feedstock in other sectors. 

The project is estimated to generate approximately 50 direct and indirect jobs. The distillery is projected to assist the local community in a variety of ways. It will provide jobs and money while also helping to minimize the amount of grain that is now being wasted. In addition, the distillery will create ethanol, which can be used as a biofuel to minimize pollution and reliance on fossil fuels. Although the project is still in its early phases, it is intended to be a substantial economic boost for the Waghwade region. Here are some of the potential community benefits of the new ethanol project: Here are some of the potential benefits of the new ethanol project for the local community: Job creation: The project is expected to create around 50 direct jobs and indirect jobs. 

This will provide a much-needed boost to the local economy. Income generation: The project will generate income for the local community through taxes and royalties. This will help to improve the quality of life for residents. Pollution reduction: The project will produce ethanol, which can be used as a biofuel to reduce pollution and reliance on fossil fuels. This will benefit the environment and improve air quality in the region. Economic development: The project is expected to attract other businesses to the area and boost the local economy. This will create more jobs and opportunities for residents. Overall, the new ethanol project has the potential to be a significant economic development for the Waghwade region. It is expected to create jobs, generate income, reduce pollution, and boost the local economy. Siddharth Bio Products Private Limited is planning a new grain-based ethanol project in Waghwade. Waghwade is a rapidly growing area, and there is a growing demand for ethanol. The new distillery project has the potential to meet this demand and provide a boost to the local economy.

As of September 2023, The project is currently in the stage of being approved currently awaiting approval from the government.

News by Rahul Yeligetti