Precipitated Silica and Nano-PCC Circular Biorefinery from Rice Husk Ash. 82% NaOH closed-loop recovery. Zero CO₂ purchase cost. Day 1 capacity: 6,600 MT/yr PS · 9,900 MT/yr PCC.
Fluxara converts rice husk — agricultural waste available at ₹5,500/MT — into high-value specialty silica and nano-calcium carbonate through a fully closed-loop chemical process. The circular chemistry means NaOH (the costliest input) is recovered at 82% and CO₂ (from furnace combustion) replaces purchased acid at ₹0 cost.
| Raw material | Rice husk — waste, abundant, ₹5,500/MT |
| CO₂ source | Combustion flue — ₹0 cost, 25 MT/day |
| NaOH loop | 82% recovered via causticisation |
| Co-product lock-in | PCC cannot be deferred (same reaction) |
| Y1 DSCR | 3.6× (moratorium, export pricing) |
| Y2 DSCR (tightest) | 2.8× (first P+I year) |
| Y4+ DSCR | 13.7× (full grade mix) |
| Break-even | ~33% utilisation |
| Debt tenor | 7 yr · 12M moratorium |
| Promoter equity | ₹8.35 Cr (35%) |
12 acres at Kothakota, Wanaparthy district, Telangana. ₹30L/acre. Within 50 km of multiple rice mills (FCI procurement zone). ~150 km from Piduguralla CaO quarry. 300–380 km to Chennai/Krishnapatnam export ports.
| Site Parameter | Value |
|---|---|
| Area — Phase 1 | 6 acres (operational) |
| Area — Total acquired | 12 acres |
| Land cost | ₹3.60 Cr (₹30L/acre) |
| District | Wanaparthy, Telangana |
| DISCOM office | TSSPDCL Wanaparthy |
| Power required | 750 kW HT connection |
| Solar PV | 400 kWp on process roof |
| Water source | Borewell + ZLD 80% recycle |
| Fresh water makeup | 130 KLD/day |
| Rice husk radius | <50 km · FCI mills |
| CaO source | Piduguralla, AP (~150 km) |
| Export port | Krishnapatnam / Chennai (~350 km) |
| TSPCB category target | Orange (PI 41–59) |
Rice husk → combust at ≤700°C → leach RHA in NaOH → filter → precipitate with CO₂ → spray-dry → causticise (recovers NaOH + makes PCC). The NaOH loop closes at 82% recovery; CO₂ is 100% internal. MVR is mandatory from Day 1.
| Stream | MT/day | MT/yr |
|---|---|---|
| Rice husk (fuel) | 20.00 | 6,600 |
| Purchased RHA | 19.40 | 6,402 |
| Bonus RHA (combustion) | 3.60 | 1,188 |
| Total RHA to leach | 23.00 | 7,590 |
| SiO₂ available (92%) | 21.16 | 6,983 |
| SiO₂ extracted (88%) | 18.62 | 6,145 |
| ✦ Precipitated Silica (PS) | 20.00 | 6,600 |
| ✦ Nano-PCC (co-product) | 30.00 | 9,900 |
| Desilicated residue | 4.40 | 1,452 |
| CO₂ generated (combustion) | 25.05 | 8,267 |
| CO₂ used (precipitation) | 14.20 | 4,686 |
| CO₂ surplus (BCR upside) | 10.85 | 3,581 |
| NaOH gross circuit | ~37.0 | — |
| NaOH fresh makeup (100%) | 6.70 | 2,211 |
| NaOH as 48% lye | 14.00 | 4,620 |
| CaO consumed (≥85% purity) | 20.50 | 6,765 |
| Fresh water makeup | 130 KLD | — |
The causticisation step simultaneously recovers NaOH AND produces PCC — these cannot be separated. This is why PCC is an obligatory co-product: deferring it would collapse the NaOH recovery economics.
| Reaction | Stoichiometry |
|---|---|
| 1 · NaOH Leaching | SiO₂ + 2NaOH → Na₂SiO₃ + H₂O |
| 2 · PS Precipitation | Na₂SiO₃ + CO₂ + H₂O → SiO₂↓ + Na₂CO₃ |
| 3 · NaOH Recovery + PCC | Na₂CO₃ + Ca(OH)₂ → 2NaOH + CaCO₃↓ |
| 4 · CaO Slaking (on-site) | CaO + H₂O → Ca(OH)₂ · exothermic |
| Ratio | Value |
|---|---|
| NaOH/kg SiO₂ | 1.331 kg |
| CO₂/kg Na₂SiO₃ | 0.361 kg |
| CaCO₃ (PCC) / kg Na₂CO₃ | 0.944 kg |
| NaOH recovered / kg Na₂CO₃ | 0.755 kg |
| Ca(OH)₂ / kg CaO (at 85%) | 1.122 kg |
Gross thermal from 20 MT/day rice husk combustion: 243 GJ/day. After 82% boiler efficiency: 199.3 GJ/day available. At 20 TPD PS scale, process heat demand is 178.1 GJ/day — leaving only 21 GJ/day surplus. Without MVR the plant cannot operate.
| Energy Item | GJ/day |
|---|---|
| RH NCV (as-received, 10% moisture) | 12,150 kJ/kg |
| Gross thermal — 20 MT/day RH | 243.0 |
| Boiler efficiency (82%) | 199.3 |
| Evaporation — MVR saves 65% | 89.6 |
| Leaching heat | 65.4 |
| Spray drying | 23.1 |
| Total process heat (with MVR) | 178.1 |
| Thermal surplus (with MVR) | 21.2 |
| Thermal deficit (without MVR) | −131 |
| Electrical Load | kW |
|---|---|
| Installed load | ~900 kW |
| Operating load | ~695 kW |
| Solar PV offset (400 kWp) | ~504,000 kWh/yr |
| DISCOM connection required | 750 kW HT |
| Net grid draw | ~2.76M kWh/yr |
| Electricity cost (net solar) | ₹1.93 Cr/yr @ ₹7/kWh |
₹24 Cr (range ₹23–26 Cr pending RFQs). Indian-market BOM throughout. Six priority RFQs must be executed before engineering freeze to lock ±10% accuracy.
| Category | ₹ Lakhs | % |
|---|---|---|
| Land — 12 acres Kothakota | 360 | 15.0% |
| Civil (sheds, RCC, roads, drains) | 165 | 6.9% |
| Process equipment (Indian vendors) | 800 | 33.3% |
| Electrical + Solar (400 kWp, 750 kW HT) | 250 | 10.4% |
| Instrumentation (S7-1200 + Ignition SCADA) | 110 | 4.6% |
| Piping (HDPE/CPVC 85%) | 130 | 5.4% |
| Structural (Hyderabad fabrication) | 60 | 2.5% |
| Insulation + Fire protection | 48 | 2.0% |
| Engineering + PMC (3.5%) | 55 | 2.3% |
| Contingency (8%) | 128 | 5.3% |
| Pre-operative + WC + DPIIT grant | 294 | 12.3% |
| TOTAL PROJECT COST | 2,400 | 100% |
NaOH 48% lye is the dominant cost at 30.8% of total. Every 1% improvement in NaOH recovery = ~₹0.72 Cr/yr saved. CTAB (HDS surface treatment) is the highest supply-chain risk — imported, 4-week buffer mandatory.
| Item | ₹ Cr/yr | % |
|---|---|---|
| NaOH 48% lye (14 MT/d × ₹18,240 × 330) | 8.43 | 30.8% |
| CaO quicklime (20.5 MT/d × ₹6,000 × 330) | 4.06 | 14.8% |
| Rice husk (20 MT/d × ₹5,500 × 330) | 3.63 | 13.2% |
| CTAB (0.44 MT/d × ₹1,80,000 × 330) | 2.61 | 9.5% |
| Stearic acid (0.25 MT/d × ₹1,20,000 × 330) | 0.99 | 3.6% |
| Purchased RHA (19.4 MT/d × ₹750 × 330) | 0.48 | 1.7% |
| Packing + transport | 1.80 | 6.6% |
| Electricity — variable | 0.74 | 2.7% |
| Electricity — base grid (net solar) | 1.10 | 4.0% |
| Labour — 28 staff avg ₹5.0L CTC | 1.40 | 5.1% |
| Maintenance (2% fixed assets) | 0.74 | 2.7% |
| Admin + insurance + other | 0.82 | 3.0% |
| TOTAL OPEX @ 100% | 27.40 | 100% |
Year 1: moratorium (interest-only ₹1.64 Cr). Year 2: first P+I (₹3.87 Cr — tightest year, DSCR 2.8×). Year 4+: full grade mix, blended PS ₹77/kg, PCC ₹23/kg. DSCR covenant: 1.25× minimum.
| Item | Y1 (60%) | Y2 (75%) | Y3 (90%) | Y4+ (100%) |
|---|---|---|---|---|
| Utilisation | 60% | 75% | 90% | 100% |
| PS pricing (blended avg) | ₹42/kg export | ₹55/kg blended | ₹65/kg HDS mix | ₹77/kg full mix |
| PCC pricing | ₹10/kg bulk | ₹14/kg | ₹18/kg | ₹23/kg |
| Revenue | ₹22.5 Cr | ₹33.0 Cr | ₹53.0 Cr | ₹75.0 Cr |
| OPEX (ramped) | ₹16.3 Cr | ₹21.2 Cr | ₹25.0 Cr | ₹26.8 Cr |
| EBITDA | ₹6.2 Cr | ₹11.8 Cr | ₹28.0 Cr | ₹48.2 Cr |
| EBITDA margin | 27.6% | 35.8% | 52.8% | 64.3% |
| Debt service | ₹1.64 Cr (int only) | ₹3.87 Cr | ₹3.57 Cr | ₹3.47 Cr |
| DSCR | 3.6× | 2.8× | 7.8× | 13.9× |
| Net cash after DS | +₹4.56 Cr | +₹7.93 Cr | +₹24.4 Cr | +₹44.7 Cr |
| Scenario | EBITDA Impact | Revised EBITDA | DSCR | Verdict |
|---|---|---|---|---|
| Base case Y4+ | — | ₹48.2 Cr | 13.9× | Bankable ✓ |
| PS price −20% all grades | −₹10.2 Cr | ₹38.0 Cr | 10.9× | Bankable ✓ |
| NaOH price +30% | −₹2.5 Cr | ₹45.7 Cr | 13.1× | Bankable ✓ |
| Rice husk doubles | −₹3.6 Cr | ₹44.6 Cr | 12.8× | Bankable ✓ |
| Dental/FSSAI delayed to Y5 | −₹9.5 Cr (Y3) | ₹18.5 Cr (Y3) | 5.2× | Bankable ✓ |
| Combined: PS−15% + NaOH+30% + 85% util | −₹16.8 Cr | ₹31.4 Cr | 9.0× | Bankable ✓ |
| Worst case: PS−25% + NaOH+50% + 75% + no export | −₹30.5 Cr | ₹17.7 Cr | 5.1× | Stressed >1.25× ✓ |
| Upside: BCR credits (10.85 MT/day CO₂) | +₹1.0 Cr | ₹49.2 Cr | 14.2× | Upside ↑ |
PS revenue trajectory: export standard (Y1) → HDS qualification (Y2) → dental/FSSAI (Y3+). PCC four grades from bulk coatings to high-value plastics compounding.
| Grade | ₹/kg Domestic | ₹/kg Export FOB | When |
|---|---|---|---|
| Standard rubber/feed | ₹26 | ₹42 | Y1 |
| HDS green tyres | ₹45–50 | ₹72–84 | Y2 |
| Dental/Food FSSAI E551 | ₹90–95 | ₹144–152 | Y3+ |
| Grade | ₹/kg | D50 | Application |
|---|---|---|---|
| Coatings/Bulk | ₹8–15 | 2 µm | Paints, coatings |
| Sealant (stearic acid coated) | ₹26 | 0.7 µm | Silicone sealants |
| Plastics (OCC coated) | ₹42 | 0.5 µm | PP/PE compounding |
Photorealistic renders of the Kothakota biorefinery generated with Alibaba Model Studio (qwen-image-3.0-pro · 2752×1536). Two variants per scene.
Financial close → Day 1 commercial production in 12 months. DISCOM 750 kW application filed Month 0. FSSAI E551 applied Month 10 (12–18M cycle). Customer engagement Month 1 — not after commissioning.
| Month | Milestone |
|---|---|
| M0 | Financial close · Land possession · PMC · DISCOM 750 kW filed |
| M1 | Customer engagement begins (HDS + PCC coatings targets) |
| M1–2 | Engineering freeze · Equipment BOM · RFQs issued |
| M2–4 | Lab validation — extraction, causticisation, Na-balance |
| M3–8 | Civil, equipment procurement, E&I, CEMS installation |
| M8–10 | Equipment installation · Mechanical completion |
| M10 | FSSAI E551 central licence application filed |
| M11 | Trial samples to target customers |
| M12 | Commercial production at 20 TPD PS from Day 1 |
| M18 | 75% utilisation · HDS qualifying · DISCOM confirmed 750 kW |
| Y3 | FSSAI certified · Dental/food revenue activated |
| Y2+ | Phase 2 planning — second furnace from accruals, no bank debt |