KRBL Ltd, which owns India Gate basmati rice, has set up a furfuryl alcohol plant in Punjab, as part of its forward integration strategy.
Furfuryl alcohol is a liquid organic chemical, manufactured from furfuryl oil, which is produced from rice husk that arises as a by-product of the processing of rice. According to a report in Business Standard, the company, through this plant, intends to further convert furfuryl oil into refined furfuryl alcohol as there is a huge demand for this product in India.
Derived from plant-based waste such as sugarcane bagasse, corn cobs, wheat bran, etc, demand for furfuryl alcohol is increasing global as the end-user industries look for eco-friendly chemicals produced from renewable resources. Industries such as chemicals, pharmaceuticals, plastics, foundry, etc are expected to propel the demand for this alcohol in India.