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Category: Gujarat Biomass Projects
Biotor Industries Ltd (formerly Jayant Oils and Derivatives Ltd) is planning to invest Rs. 20000 million to set up a bio refinery for castor oil and its derivatives. The plant is likely to come up on Vilayat near Bharuch in Gujarat and it has acquired 300 acres for its upcoming SEZ. It will also house a bio fertilizer unit, biogas plant, seed crushing and sebacic acid unit. The company will consume 2.70 lakh tonnes per annum of castor oil and its derivatives and it has entered into contract farming of over 100,000 acres. An IPO is on the cards for financing the project. The project is likely to be completed in 3 years time.
