March
March
Godavari Biorefineries Ltd. Earns USDA Certified Biobased Product Label for Acetic Acid.
Mar 12, 2019
Godavari Biorefineries Ltd. has earned the U.S. Department of Agriculture (USDA) Certified Biobased Product label. The product, Acetic Acid Glacial, is now able to display a unique USDA label that highlights its percentage of biobased content. Third-party verification for a product's biobased content is administered through the USDA BioPreferred Program, an initiative created by the 2002 Farm Bill (and most recently expanded by the 2014 Farm Bill). One of the goals of the BioPreferred Program is to increase the development, purchase and use of biobased products. The USDA Certified Biobased Product label displays a product's biobased content, which is the portion of a product that comes from a renewable source, such as plant, animal, marine, or forestry feedstocks. Utilizing renewable, biobased materials displaces the need for non-renewable petroleum-based chemicals. Biobased products, through petroleum displacement, have played an increasingly important role in reducing greenhouse gas emissions that exacerbate global climate change. Biobased products are cost-comparative, readily available, and perform as well as or better than their conventional counterparts.
Samir Somaiya, Chairman and Managing Director, Godavari Biorefineries Ltd. said, “We have always believed that renewable resources can meaningfully supplement the needs of our planet and help achieve a sustainable future, so necessary for the generations to come after us. Godavari Biorefineries has pioneered the use of agricultural feedstock to make foods, energy, chemicals and biomaterials. We are proud to add acetic acid, made from renewable resources to our portfolio.”
"We applaud Godavari Biorefineries Ltd. for earning the USDA Certified Biobased Product label," said Kate Lewis, USDA BioPreferred Program. "Products from Godavari Biorefineries Ltd. are contributing to an ever expanding marketplace that adds value to renewable agriculture commodities, creates jobs in rural communities, and decreases our reliance on petroleum." According to a report that USDA released in 2016, biobased products contributed $393 billion to the U.S. economy in 2014 and support, directly and indirectly, 4.2 million jobs. In this report, the research team estimate petroleum displacement of up to 6.8 million barrels in 2014. The increased production of renewable chemicals and biobased products contributes to the development and expansion of the U.S. bioeconomy - where society looks to agriculture for sustainable sources of fuel, energy, chemicals, and products.
To learn more about the USDA Certified Biobased Product label please visit www.biopreferred.gov and follow on Twitter at http://twitter.com/BioPreferred
Contact:
Godavari Biorefineries Ltd.
Mr. Shirish Paranjpe
91-22-61702100
paranjpe.shirish@somaiya.com
USDA BioPreferred ® Program
Vernell Thompson
202.720.4145
Vernell.Thompson@dm.usda.gov
Samir Somaiya's interview at the World Bio Markets Conference in Amsterdam, held in March 2018
Mar 31, 2018Godavari Biorefineries Limited increases production capacity to 50 million litres per year of fuel grade ethanol up from 15 million litres currently
Mar 21, 2016Godavari Biorefineries Limited has commissioned its expanded facility for dehydrated ethanol (fuel grade) manufacturing at Sameerwadi in Karnataka. With this expansion, the company has the capacity to make 50 million litres per year of fuel grade ethanol, up from 15 million litres currently. The expansion of the fully automated plant using Molecular Sieve Dehydration Technology was completed in 5 Months. The facility will use byproducts of their sugar manufacturing process as raw material.
Godavari Biorefineries Ltd. is a biorefining company producing sugar, biofuels, chemicals, power, compost, waxes, and related products, using sugarcane as the primary feedstock. The company has manufacturing plants at Sameerwadi, Bagalkot district in Karnataka and Sakarwadi, Ahmednagar district in Maharashtra.
Samir Somaiya, Chairman and Managing Director said, "The expansion, is an extension of our strategy to create more value from our renewable stocks. The expansion will help our greater participation in the blending Programme of the Government of India that mandates target of 5 percent blending of bio fuel with petrol.
The company had recently raised private equity from Mandala Capital, a part of which was for the setting up of this plant.
About Godavari Biorefineries Limited
Godavari Biorefineries Ltd., a member of the Somaiya Group, was established in 1939 and is one of the leading companies in the Indian sugar industry. It has sugar, power and chemical plants in Karnataka and Maharashtra. Godavari Biorefineries Ltd. expects a turnover exceeding Rs. 1,200 Crores for the year ended March 2016.
The company undertakes continuous research and innovates for making new products and entering new markets in order to derive maximum value from its feedstock. The company has been pioneers in the making of ethanol based chemicals and is now working on the utilisation of biomass to make a wider variety of products.
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