In India, Numaligarh Refinery Limited has taken a giant step forward by establishing a joint venture, Assam Bio-Refinery Pvt. Limited (ABRPL) with equity participation of M/s Chempolis Oy of Finland and M/s Fortum 3 B.V. of Netherland to build and operate the first of its kind Bio Refinery in India which would generate renewable green fuel-bioethanol, other valuable chemicals and green power from bamboo biomass.
The joint venture agreement was signed in New Delhi recently by MD NRL S K Barua; Mr. Sanjay Aggarwal, authorised representative of Fortum 3 B.V. and CEO Chempolis Oy, Finland Mr. Tomi Honkala in the presence of officials from all the partner companies including Director (Tech) NRL Mr. B. J. Phukan and Head (Legal) Fortum India Pvt.Ltd.
The joint venture company incorporated on June 4, 2018 has three partners with major equity holding of 50% by NRL, 28% by Fortum 3.B.V. Netherland and 22% by Chempolis Oy, Finland.