Essar Inks Massive Rs 5100 Cr Biofuel Pact at Vibrant Gujarat Summit

The Vibrant Gujarat Global Summit delivered yet another blockbuster with Essar Future Energy’s Rs 5,100 crore MoU for a groundbreaking biofuel initiative. Details emerged during a session where Essar unveiled plans for a biorefinery producing 500 million liters of advanced biofuels yearly. The focus is on drop-in fuels for jets and heavy vehicles. Leveraging Gujarat’s strategic location, Essar eyes exports to Europe and the US. Socio-economic impacts include 10,000 direct jobs and upliftment for 50,000 farmers via assured buyback.