What are the economic benefits of Bargarh ethanol bio-refinery

Explain the benefits that the Bargarh ethanol bio-refinery will bring to the economy.
The Bargarh ethanol bio-refinery, which is expected to produce 100 kilolitres of ethanol per day, will bring several economic benefits to the region and the country.
  • The bio-refinery will create employment opportunities for a large number of people, including skilled and unskilled workers. This will have a positive impact on the local economy by boosting spending and the creation of independent businesses.
  • The production of ethanol through the bio-refinery will reduce India's dependence on imported crude oil, leading to a reduction in foreign exchange outflow.
  • Ethanol produced at the bio-refinery will be used as a biofuel, which will help in reducing greenhouse gas emissions and air pollution.
  • The establishment of the ethanol bio-refinery is also expected to boost agriculture by promoting ethanol blending in petrol. This will increase demand for sugarcane and other crops used in ethanol production, leading to better prices for farmers.
  • The Bargarh ethanol bio-refinery will have a ripple effect on the economy by catalysing downstream industries that rely on ethanol as a raw material. This will lead to the creation of even more jobs and economic benefits.
Overall, the establishment of the Bargarh ethanol bio-refinery is expected to bring tremendous economic benefits to the region and the country.
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