Synopsis:
Godavari Biorefineries has partnered with ICT Mumbai, launched a pilot converting CO2 into Dimethyl Ether (DME), a clean fuel and chemical feedstock. The innovation boosts sustainability, energy security, and rural prosperity, driving India’s renewable energy transition.
The shares of the leading integrated biorefinery specializing in bio-based chemicals, ethanol, and sugar & power production is now in the spotlight after launching a pioneering pilot project that converts industrial CO2 emissions into Dimethyl Ether (DME).
With market capitalization of Rs. 1,368 cr, the shares of Godavari Biorefineries Ltd are currently trading at Rs. 266 per share, increasing 10% in today’s market session making a high of Rs. 276, from its previous close of Rs. 251.70 per share.
India has rapidly increased its fuel ethanol blend from 4% to 20% in eight years, with recent tenders indicating a potential rise to 30% (17.75 billion litres). The company sees this surplus as an opportunity to promote clean-energy vehicles including EVs, flex fuels, CBG, and future use of Dimethyl Ether emphasizing the urgent shift from fossil fuels to sustainable, renewable energy.
News
Godavari Biorefineries Limited (GBL), in partnership with the Institute of Chemical Technology (ICT) Mumbai has launched a pioneering pilot project that converts industrial CO2 emissions into Dimethyl Ether (DME), a clean-burning, low-emission fuel.
DME can replace conventional energy sources such as LPG and diesel while also serving as a versatile chemical feedstock for industrial applications. This innovation marks a significant step toward decarbonisation and sustainable energy solutions.
Chairman Samir Somaiya highlighted the importance of sustainability and the role of this technology in addressing India’s “triple challenge” ensuring energy security, mitigating climate change, and enhancing rural prosperity by supporting farmer incomes. He stressed that India’s inherent resources, including soil, sunlight, and small farmers, are critical for driving a renewable energy transition.
The technology is the result of scientific research led by Prof. G. D. Yadav and his team at ICT Mumbai, whose expertise in chemical engineering and catalyst development has been central to this breakthrough. On the industrial side, GBL has worked to ensure the pilot project is scalable, commercially viable, and aligned with industry standards.
The joint effort has been recognised with the K.V. Mariwala Award for Effective Chemical Industry-Academia Partnership (2024), honouring their excellence in scientific innovation, environmental impact, and practical implementation with potential for global replication.
About the company
Godavari Biorefineries Limited is a flagship company of Somaiya Group is a leading integrated biorefinery specializing in bio-based chemicals, ethanol, and sugar & power production.Godavari Biorefineries Ltd is one of the larger producers of ethanol and a pioneer in manufacturing ethanol-based chemicals in India. The company operates cutting-edge facilities in Sakarwadi, Maharashtra, and Sameerwadi, Karnataka and three advanced R&D facilities in Mumbai and plant locations
The sales of the company declined from Rs. 580 cr in Q4FY25 to Rs. 533 cr in Q1FY26. Operating profit significantly fell to Rs. 6 cr from Rs. 112 cr. Net profit declined from Rs. 72 cr to a loss of Rs. 16 cr over the same period.
Written by Manideep Appana
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