Essar Future Energy Signs Rs 5100 Cr Biofuel MoU at Vibrant Gujarat

Gandhinagar buzzed with investment pledges as Essar Future Energy inked a landmark MoU worth Rs 5,100 crore for a cutting-edge biofuel project during the Vibrant Gujarat Global Summit. This agreement underscores Gujarat’s push towards sustainable energy and positions the state as a frontrunner in green fuel innovation. The project aims to establish a state-of-the-art facility producing advanced biofuels from renewable sources. Chief Minister Bhupendra Patel hailed the deal as a game-changer for the economy. Biofuels offer cleaner combustion and energy security. Essar’s project will leverage second-generation technologies, converting agricultural waste and biomass into ethanol, aligning with global decarbonization efforts.