VTARA Energy Group Pty Ltd and VTARA Energy Pvt. Ltd., have signed a Memorandum of Understanding (MoU) to build an Industrial Biotechnology Hub in Ner, Yavatmal District, Maharashtra.
The Industrial biotechnology hub, to be set across over 40 Hectares of land will comprise among others, a proprietary integrated bio-refining technology for production of sustainable bio-fuels, a cellulosic ethanol plant, a chemical platform for production of acetic acid and furfural alcohol ( raw materials in the production of paints, adhesives, and plastics, and as solvent and raw material for resins), an R&D centre, Labs and Training centres.
In addition, the combustible residues (lignin, biocoal) can generate all the energy needed, with surplus used in co-production of multiple products in a sustainable way.
Estimated date of Commissioning is March 2022.