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Southern Online Bio Technologies' unit ready to start production

Thursday, 28 Feb 2013
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Southern Online Bio Technologies’ biodiesel unit situated at Visakhapatnam, Andhra Pradesh is in a position to start production of biodiesel upon receipt of raw materials.

The delay in implementing the production so far is due to delay in getting the required working capital sanction from the bankers. The bankers have extended their support by sanctioning of additional working capital for 50 per cent capacity, utilization. Various internationally well reputed biodiesel buyers are in touch with company for purchase of biodiesel which is going to produce at above quoted unit.

Besides, another biodiesel unit, which is situated at Samsthan Narayanpur Village, Nalgonda district is running at 85 per cent capacity utilization for the last few years and it is backed up by well reputed customers from various segments.

 
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