Alcochemagro Industries is planning to set up an ethanol unit with a capacity of 100 klpd at Balhegaon, Yeola in Nashik district of Maharashtra.
The proposed unit will spread over 31.06 acres of land parcel.
The project also includes the installation of a 2.4 MW co-generation power plant.
In September 2022, Alcochemagro Industries received environment clearance for the project.
As per the latest updates shared with Projects Today, the design and specification has been completed and the company is in the process of taking forward the appointment of contractor for the project.
The construction work on the project is expected to commence by June 2023.