'Balrampur Chini announces Rs 2000cr capex in India's first industrial bioplastic
Balrampur Chini Mills Limited (BCML), a leading integrated sugar mill company on Monday announced a Rs 2000 crore forward integration project which will be the first-ever "industrial bioplastic" plant in India. The Kolkata-based company said this diversification with its upcoming PLA (Polylactic Acid) manufacturing venture is well-aligned with the sustainability goals envisioned in India, to combat climate change.
«The new project aims to propel India towards net zero emissions by 2070 with an estimated investment of Rs 2,000 crore in phases over the next 30 months,» Balrampur Chini Executive Director Avantika Saraogi said.
«Expected to be completed within 30 months, the new venture will mark the establishment of the first-ever industrial bioplastic plant in India. The state-of-the-art PLA factory will command a whopping capacity at a global scale of 75'000 tonne per annum,» the company said.
Despite not yet being finalized, the project will be located on a «greenfield site», beside an existing sugar plant. There are about ten sugar mills owned by the company, all of which are in Uttar Pradesh.
Officials said, a significant proportion of the local infrastructure already exists at the sugar mill locations and it will help efficient usage of sugar as a raw material, to produce PLA.
«PLA provides a sustainable alternative to traditional plastics, supporting our eco-friendly initiatives and advancing our business model towards sustainability.
Balrampur Chini's project aims to lead the way in reducing carbon
