Coal-to-ethanol demonstration project in Maharashtra awarded Rs 100 crore financial incentive under scheme
India’s Ministry of Coal has awarded Letters of Award (LOAs) under its ₹8,500 crore Coal Gasification Incentive Scheme. New Era Cleantech Solutions Pvt Ltd received ₹100 crore for its coal-to-ethanol and carbon capture project in Chandrapur, Maharashtra. The project, with a total investment of ₹667 crore, will capture 20,144 MT of CO2 annually while producing 18 KTPA of ethanol, advancing India’s clean energy goals.
The Ministry of Coal has reached a significant milestone in India’s Coal Gasification Initiative with the issuance of Letters of Award (LOAs) to the selected applicants under Categories I and III of the ₹8,500 crore Coal Gasification Incentive Scheme
New Era Cleantech Solutions Private Limited received a letter of award for a financial incentive from the Ministry of Coal under Category III of the Financial Incentive Scheme for its groundbreaking Coal Gasification and Carbon Capture Utilization (CCU) project.
According to the Ministry of Coal’s press release, New Era’s coal-to-ethanol demonstration project in Chandrapur, Maharashtra, has been awarded Rs 100 crore of financial incentive under the Scheme. With a total investment of ₹667 crore, the project will utilize Carbon Capture, Utilization, and Storage (CCUS) technology, capturing approximately 20,144 MT of CO2 annually while producing 18 KTPA of ethanol.
The Ministry of Coal has been instrumental in driving innovation and sustainability in the energy sector by offering financial incentives for coal gasification projects with commitment to promoting clean energy solutions and sustainable industrial growth. Also, in Category I (large-scale PSU projects) of the Financial Incentive support is awarded to 3 Government PSUs / JVs of Government PSUs namely Bharat Coal Gasification and Chemicals Limited, Coal India Limited (for CIL – GAIL Consortium) and Coal India Limited.
Balasaheb Darade, Founder and Managing Director of New Era Cleantech Solutions, expressed gratitude and emphasized the project’s transformative potential:
” This is a monumental achievement for India’s sustainability and energy security goals. By combining gasification with advanced decarbonization technologies, we aim to produce high-value chemicals such as ethanol, Sustainable Aviation Fuels (SAF) while drastically reducing carbon emissions. We are deeply thankful to the Ministry of Coal and Government of India for their trust and unwavering support as we work toward realizing this visionary project.”
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