from the South
SBBL To Set Up Biodiesel Unit In AP
Oct 22: Southern Biofe Biofuels Pvt Ltd (SBBL), a newly
formed biofuel producer, is setting up a biodiesel manufacturing
plant with an installed capacity of 30 tonnes per day with a
proposed investment of $2.45 million near Hyderabad. The company
proposes to manufacture biodiesel from non-edible vegetable
oils suchas: Pongamia and Jatropha (botanical names).
to Mr N Satish Kumar, chairman and managing director of the
company, SBBL has already approched the International Finance
Corporation (IFC) and World Bank for project financing. "We
are seeking about $1.876 million from both the agencies,"
he told êiFE. êrThe remaining finances will be funded
by the promoters, he added. The company has already received
a letter from IFC to discuss the details of the project, Mr
company has recently acquired five acres of land in the SP Biotech
Park in the Genome Valley near Hyderabad.
company is targeting to commence its operations in Juanuary
2004. Initially the working capacity of the plant would be about
10.5 tonnes per day in the first year which can be scaled up
to 24 tonnes in the second year.
are in talks with the Andhra Pradesh State Road Corporation
and the Indian Railways besides other truck and three-wheeler
operators and industries for use of this fuel,'' he said.
both the organisations have expessed interests in purchasing
biodiesel and would sign purchase agreements once the production
commences, he said.
company has already received a letter of intent from the ministry
of railways expressing their interest for purchasing biodiesel
to the tune of 2 million kilo litres from the proposed plant,
Mr Satish Kumar said.
pilot plant project is designed to demonstrate with the technological
help from Chemical Construction India Ltd (Delhi) which has
the technical assistance from Lurgi of Germany, a world leader
in biodiesel technology. Further, the company has also sought
expertise from the Indian Institute of Petroleum, Deheradun.