Prime Minister Narendra Modi is set to digitally lay the foundation stone of Indias 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.
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.