NRL signs framework agreement with Chempolis Oy

In a significant development towards implementation of its upcoming bio refinery project at Numaligarh, NRL has inked a Framework Agreement with its technology partner of M/s Chempolis Oy, Finland on 22nd Feb, 2017.
The Framework agreement undertakes to implement the Bio Refinery Project in two Phases viz. Phase-I and Phase-II. Phase-I of the Project, scheduled to be completed within a period of six months will involve basic Engineering of the project, completion of EIA ( Environment Impact Assessment) study, obtaining EC( Environment Clearance) including public hearing, in principle agreement on modalities and logistics of sourcing bamboo feedstock, updating financial feasibility report on the project, debt financing arrangement et al. On successful completion of Phase-I, the full fledged activities of physical construction of the plant shall be initiated through formation of a joint venture Company.
NRL’s Bio Refinery is designed to produce 49,000 tonnes of bio ethanol annually with co-production of furfural and acetic acid from locally available non-food bio-mass feedstock utilising formicobioTM technology from M/s Chempolis Oy, Finland.
As a green initiative to produce energy from renewable sources, the Bio Refinery project is expected to give a fillip to bamboo cultivation in the region on commercially sustainable basis.

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