Synopsis:
Godavari Biorefineries has partnered with ICT Mumbai, launched a pilot changing CO2 into Dimethyl Ether (DME), a clear gasoline and chemical feedstock. The innovation boosts sustainability, power safety, and rural prosperity, driving India’s renewable power transition.
The shares of the main built-in biorefinery specializing in bio-based chemical compounds, ethanol, and sugar & energy manufacturing is now within the highlight after launching a pioneering pilot undertaking that converts industrial CO2 emissions into Dimethyl Ether (DME).
With market capitalization of Rs. 1,368 cr, the shares of Godavari Biorefineries Ltd are presently buying and selling at Rs. 266 per share, growing 10% in in the present day’s market session making a excessive of Rs. 276, from its earlier shut of Rs. 251.70 per share.
India has quickly elevated its gasoline ethanol mix from 4% to twenty% in eight years, with current tenders indicating a possible rise to 30% (17.75 billion litres). The corporate sees this surplus as a possibility to advertise clean-energy autos together with EVs, flex fuels, CBG, and future use of Dimethyl Ether emphasizing the pressing shift from fossil fuels to sustainable, renewable power.
Information
Godavari Biorefineries Restricted (GBL), in partnership with the Institute of Chemical Expertise (ICT) Mumbai has launched a pioneering pilot undertaking that converts industrial CO2 emissions into Dimethyl Ether (DME), a clean-burning, low-emission gasoline.
DME can substitute typical power sources akin to LPG and diesel whereas additionally serving as a flexible chemical feedstock for industrial functions. This innovation marks a major step towards decarbonisation and sustainable power options.
Chairman Samir Somaiya highlighted the significance of sustainability and the position of this know-how in addressing India’s “triple problem” making certain power safety, mitigating local weather change, and enhancing rural prosperity by supporting farmer incomes. He burdened that India’s inherent sources, together with soil, daylight, and small farmers, are essential for driving a renewable power transition.
The know-how is the results of scientific analysis led by Prof. G. D. Yadav and his workforce at ICT Mumbai, whose experience in chemical engineering and catalyst growth has been central to this breakthrough. On the commercial aspect, GBL has labored to make sure the pilot undertaking is scalable, commercially viable, and aligned with business requirements.
The joint effort has been recognised with the Okay.V. Mariwala Award for Efficient Chemical Trade-Academia Partnership (2024), honouring their excellence in scientific innovation, environmental affect, and sensible implementation with potential for world replication.
In regards to the firm
Godavari Biorefineries Restricted is a flagship firm of Somaiya Group is a number one built-in biorefinery specializing in bio-based chemical compounds, ethanol, and sugar & energy manufacturing.Godavari Biorefineries Ltd is without doubt one of the bigger producers of ethanol and a pioneer in manufacturing ethanol-based chemical compounds in India. The corporate operates cutting-edge services in Sakarwadi, Maharashtra, and Sameerwadi, Karnataka and three superior R&D services in Mumbai and plant areas
The gross sales of the corporate declined from Rs. 580 cr in Q4FY25 to Rs. 533 cr in Q1FY26. Working revenue considerably fell to Rs. 6 cr from Rs. 112 cr. Internet revenue declined from Rs. 72 cr to a lack of Rs. 16 cr over the identical interval.
Written by Manideep Appana
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