Monday, February 4, 2008

Tata Chemicals Examining Waters For Biofuel Entry

Mumbai: Tata Chemicals, one of the world''s leading inorganic chemicals manufacturers, likely to enter into the biofuel business on a large scale if its pilot project at Nanded, Maharashtra, is successful. The project is on an experimental basis and they have decided to limit investments at this stage to a maximum of Rs 50 crore. If the project is successful, we will invest in biofuel manufacturing in a big way. Tata Chemicals is opening a pilot biofuel manufacturing unit in Nanded, which will be operational in 2008-09. The company is also exploring options to produce biodiesel from jatropha plants.

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