09 September 2008 17:55 [Source: ICIS news]
CBL has reckoned operational capacity of 6,000 tonnes/year on the assumption of the plant operating for 300 days a year. It is investing Indian rupees (Rs) 109.51m ($2.45m) on the project.
The company would source 20,000 tonnes/year of non-edible oilseed feedstock from its subsidiary Jetro Petro Biotech.
After its product is accepted by oil companies for 5% blending with high speed diesel, the company would increase production of biodiesel, he said.
CBL currently manufactures pesticides and biofertilizers.
($1 = Rs44.60)
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