Sunday 24 February 2019
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business-standard - 13 days ago

Prime Minister Shri Narendra Modi Laid Foundation Stone for Bio-refinery Project in Assam, a Collaboration of NRL, Fortum and Chempolis

/ -- Fortum brings in biggest FDI to North East, in a single greenfield project Fortum commits to invest Euro 13.5 Million in a Project of Euro 160 Million Aims to convert bamboo into biofuel and bio chemicals, using Chempolis technology This bio fuel generated from biomass will save approximately 60 Million US Dollars annually Fortum 3 BV, 100% subsidiary of Fortum Oyj, Finland with Numaligarh Refinery Limited (NRL), an Indian state-owned oil refinery company, and Chempolis, a Finnish technology company, had signed a joint venture for building and operating a bio-refinery in Assam, India. Prime Minister Shri Narendra Modi in the presence of Mr. Sanjay Aggarwal, Managing Director, Fortum India, Mr. S.K Barua, Managing Director, NRL along with, Mr. Per Langer, Executive Vice President and Ms. Heli Antila, Vice President, Fortum Oyj and other Directors of Assam Bio Refinery Pvt. Ltd., the joint venture company, performed the ground-breaking ceremony to set up and operate a ...

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