NRL signs bio-refinery termsheet with Finland´s Chempolis Oy
Numaligarh Refinery Limited (NRL), as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland´s Chempolis Oy in New Delhi.
The termsheet shall be the basis for formation of joint venture agreement for implementation of the project, a company release said. It was signed by Chempolis Oy President, Asia-Pacific and America, Pasi Rousu, and NRL General Manager S D Maheshwari.
NRL is implementing India´s first bio-refinery project at an estimated cost of Rs.`950 crore, which would produce bio-ethanol with co-production of furfural and acetic acid from locally-available non-food biomass feedstock with technology from Finland.
Contact: Numaligarh Refinery Limited