Essar Future Energy Limited has announced plans to establish a large-scale bio-fuel project in the Devbhumi Dwarka district of Gujarat, India. The project, which is expected to commence operations by 2029, will involve an estimated investment of ₹5,100 crore and generate around 350 direct jobs. The company signed a Memorandum of Understanding (MoU) with the State Government during the Vibrant Gujarat Regional Conference in Rajkot.
The bio-fuel project will be developed as a Special Economic Zone (SEZ) unit and will focus on decarbonizing hard-to-abate sectors such as aviation, shipping, and road transport. The project will have a feedstock processing capacity of 1 million tonnes per annum and will provide clean fuel solutions for these sectors. This will not only help reduce greenhouse gas emissions but also strengthen the state’s bio-energy ecosystem.
The project is expected to have a significant impact on the local economy, generating employment opportunities and contributing to the growth of the region. The Indian government has been promoting the use of bio-fuels as a sustainable alternative to traditional fossil fuels, and this project is expected to play a key role in achieving this goal.
The project’s development is being tracked by Biltrax Construction Data, a technology platform that provides insights and data on construction projects in India. The platform is tracking over 37,000 projects, including the Essar bio-fuel project, and provides exclusive access to upcoming projects in India with actionable insights.
Overall, the Essar bio-fuel project in Gujarat is a significant development in the field of renewable energy and is expected to have a positive impact on the environment and the local economy. The project’s focus on decarbonizing hard-to-abate sectors and providing clean fuel solutions makes it an important step towards achieving a sustainable future. With its expected completion by 2029, the project is poised to play a key role in India’s transition to a low-carbon economy.