Chempolis Ltd, a Finland based biorefining technology corporation signed Partnership Agreement today with Numaligarh Refinery Limited (NRL, A Government of India Enterprise). Parties have agreed to jointly partner to build a world class biorefinery using Chempolis formicobioTM technology in North East India (Assam) for producing bioethanol with co-production of furfural and acetic acid from locally available cellulosic biomass. Signing took place in the presence of visiting H.E. President of India Pranab Mukherjee and H.E. President of Finland Sauli Niinistö.
Agreement commits both the parties to set up the biorefinery utilizing Chempolis' formicobioTM technology, 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.
"This agreement is one important step to approach the National Policy on Bio-fuels announced by Ministry of New and Renewable Energy, Government of India in 2009 that targets 20 per cent blending of bio fuels in diesel and petrol by 2017." says Pasi Rousu (President APAC). Navin Singhania (President of Chempolis India) India continues: "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. According to Economic Times bamboo industry is estimated to reach 5.7 billion USD in the near future. For NRL production of fuel grade ethanol will result in substantial savings, in addition, this project is expected to have minimal carbon footprint." P. Padmanabhan (Managing Director, NRL) opined "this project would enable cultivation of bamboo on a commercially sustainable basis and would boost rural economy of the region."
Chempolis Ltd. in Brief
Chempolis Ltd. is a technology leader delivering innovative, patented 3G formico® biorefining technologies that provide profitable, sustainable and cost-effective solutions for the biomass, oil, sugar, alcohol, chemical and paper industries to refine biomass into high-quality products while minimizing environmental impact and maximizing social benefits. formicobioTM is a technology for the co-production of advanced biofuels, cellulosic sugars, lignin, platform biochemicals and biocoal from non-food biomasses such as bagasse, corn stover, rice straw, wheat straw, palm oil residue etc.
Numaligarh Refinery Limited in Brief
NRL is a Government of India Public Sector Undertaking which operates a 3.0 MMTPA Refinery at Numaligarh in the District of Golaghat, Assam, India since 2000. NRL is a subsidiary of Bharat Petroleum Corporation Ltd (BPCL) which holds 61.65% share of the company while Oil India Limited and Government of Assam owns 26.00% and 12.35% share respectively.