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Numaligarh Refinery Limited inks agreement with Finnish firm to build biorefinery

The Economic Times:  October 20, 2014

Guwahati: Chempolis Ltd, a Finland based bio refining technology corporation has inked partnership agreement with State-run oil refiner-marketer Bharat Petroleum Corporation Ltd's Assam based refinery, Numaligarh Refinery Limited (NRL)to jointly partner to build a world class biorefinery.

According to NRL the agreement commits both the parties to set up the bio refinery using bamboo as main biomass which is abundantly available in the state of Assam in North-East India. Project implementation is expected to take approximately 2.5 years.

Navin Singhania President of Chempolis India stated: "Bamboo is an important raw material in North-East region of India accounting 66 per cent of the country's bamboo resources. This agreement aiming at utilization of bamboo is completely in line with objectives of India.

P Padmanabhan (Managing Director, NRL) opined that this project would enable cultivation of bamboo on a commercially sustainable basis and would boost rural economy of the region."

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

x IBEF : India Brand Equity Foundation