Bangalore's Bhoruka Group is expected to invest $54 million (approx Rs 264.6 crore) in an edible oils and bio diesel facility at Wagga Wagga, 470 km south-west of Sydney in New South Wales, Australia.
The facility, to be set up under a venture called Riverina Oils & Bio Energy is likely to commence production in October 2010 with a capacity to crush and refine 1,70,000 tpa of oilseeds. Riverina Oils will also produce 1,05,000 tonne of vegetable protein meal annually for the Australian poultry, dairy and animal feed industry.
In long-term, the plant is expected to produce up to 75 million litre of bio diesel converted either from refined oil or imported palm oil.
Source : ProjectsToday
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