Gujarat Alkalies Chemicals Limited and GAIL (India) Limited have joined hands to set-up a Bioethanol plant of 500 KLD capacity. This plant will be using corn & broken rice as feedstock with eco-friendly technology and it will produce 500 KLD Bioethanol, which will be used for blending in petrol. As by-products from this plant, 135 KTPA Protein-rich Animal feed and 16.50 KTPA of Corn Oil while using corn as feedstock are also expected to be produced. Dahod, Panchmahal, Aravalli and Mahisagar are major corn-producing districts in Gujarat and hence the project is likely to come up in one of these districts. A Detailed Feasibility Study through a third party is in progress for the project. The estimated project cost is to the tune of INR 1,000 crores and it is expected to generate annual revenue of approximately INR 1500 crores. An estimated savings of USD 70 million per year in Foreign Exchange outgo is expected through this project. Beyond the savings, this project will also generate direct and indirect employment for around 700 individuals. Long term supply contract for corn would encourage corn farming with sustainable, multi-fold income for farmers through increased productivity and assured market. Steps will also be taken to improve the productivity of corn in the State with the help of the Maize Research Centre in Godhra.