Jubilant Ingrevia commissions new green ethanol-based Acetic Acid Plant; Stock gains 2%

29 Apr 2022 , 10:38 AM

Jubilant Ingrevia Limited has announced the commissioning of its new Green Ethanol based food-grade Acetic Acid plant at its manufacturing facility in Gajraula, Uttar Pradesh. The plant is designed to meet the highest standards of product certifications like FSSAI, ISO 22000, Kosher, Halal, FCC Codex, etc. It will cater to the increasing demand in food preservative segment across the globe.

At around 10:40 AM, Jubilant Ingrevia was trading at Rs512.75 per piece higher by 2.65% on the BSE.

The food-grade Acetic Acid plant commissioned on 28th April, 2022, has a rated capacity of 25,000 Tons Per Annum. The product will be manufactured from Green Ethanol which is produced from natural bio-based feedstock. This food-grade Acetic Acid is in high demand globally. It will provide a healthier option for food preservation requirements, as compared to the Acetic Acid produced through petroleum route.

On this occasion, Rajesh Srivastava, Chief Executive Officer and Managing Director, Jubilant Ingrevia Limited shared, “With the commissioning of this food-grade Acetic Acid plant, produced from renewable feed stock based Green Ethanol, we are pleased to share that we continue on our path of successfully executing our planned growth CAPEX.

As per our growth plans we continue to make investments in niche products which are used for specialised usage globally. We are confident of achieving the superior growth path charted for the Company.”