First Bio-Fuel Refinery to be set up in Assam

Prime Minister Narendra Modi is set to digitally lay the foundation stone of India’s first bio-fuel refinery – Assam Bio-Refinery Private Limited. Further, this will be the first-of-its-kind bio-refinery in the northeastern region which will be entirely powered by renewable source of energy.

Bio-Fuel Refinery
Source: Google

The project is expected to be completed by April 2021. Further, the company will source the required bamboo for the production of bio-fuel from all northeastern states, but mainly from Assam and the nearest points from the neighbouring states including Meghalaya, Arunachal Pradesh, Nagaland and Manipur.

To set up the refinery, a joint venture between state-run Numaligarh Refinery Limited and two foreign partners has been signed.

The JV, which would produce the eco-friendly bio-ethanol and other chemicals from bamboo biomass, has been created by NRL with equity participation of Chempolis Oy of Finland and Fortum 3 B.V. of Netherlands, NRL Managing Director, SK Barua, had earlier informed.

The joint venture by the three partners in which NRL will has an equity holding of 50% by NRL, 28% by Fortum 3 B.V. Netherlands and 22% by Chempolis Oy of Finland. According to the official, bio-coal will be used for the production of steam and supplying clean power to the refinery.

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