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NRL and Chempolis Oy, Finland sign Term Sheet for Bio Refinery Joint Venture on 12-05-2016


The Economic Times Date: 14/05/2016

The Economic Times Date: 15/05/2016

Business Standard Date: 15/05/2016

NRL signs bio-refinery termsheet with Finland's Chempolis Oy

Numaligarh Refinery Limited (NRL) as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland's Chempolis Oy in New Delhi.

The termsheet shall be the basis for formation of joint venture agreement for implementation of the project, a company release said here today.

It was signed on Friday by Chempolis Oy President, Asia-Pacific and America, Pasi Rousu, and NRL General Manager S D Maheshwari.

Top NRL officials and A Manickam, ex-ambassador of India to Finland and presently director of Chempolis India were present on the occasion.

A partnership agreement for the bio-refinery project was signed between NRL and Chempolis Oy in October 2014 in the presence of Indian President Pranab Mukherjee and President of Finland Sauli Niinisto.

NRL is implementing India's first bio-refinery project at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally-available non-food biomass feedstock with technology from Finland.

The release further said 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel. The surplus is to be sold to other oil marketing companies.

The bio-refinery is expected to give a fillip to bamboo cultivation in the region and bring about a socio-economic transformation, it added.

 

The Times of India Date: 15/05/2016

NRL signs bio-refinery termsheet with Finland's Chempolis Oy

Guwahati, May 15 () Numaligarh Refinery Limited (NRL) as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland's Chempolis Oy in New Delhi.

The termsheet shall be the basis for formation of joint venture agreement for implementation of the project, a company release said here today.

It was signed on Friday by Chempolis Oy President, Asia-Pacific and America, Pasi Rousu, and NRL General Manager S D Maheshwari.

Top NRL officials and A Manickam, ex-ambassador of India to Finland and presently director of Chempolis India were present on the occasion.

A partnership agreement for the bio-refinery project was signed between NRL and Chempolis Oy in October 2014 in the presence of Indian President Pranab Mukherjee and President of Finland Sauli Niinisto.

NRL is implementing India's first bio-refinery project at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally-available non-food biomass feedstock with technology from Finland.

The release further said 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel. The surplus is to be sold to other oil marketing companies.

The bio-refinery is expected to give a fillip to bamboo cultivation in the region and bring about a socio-economic transformation, it added. DG KK ARD

 

Biofuels Digest Date: 17/05/2016

The Knowledge Platform Date: 16/05/2016

 

Eastern Chronicle Date: 14/05/2016

 

The Sentinel Date: 14/05/2016

 

The Telegraph Date: 14/05/2016

 

The Shilong Times Date: 16/05/2016

Petromag.com 16th May 2016: NRL signs Bio-Refinery Term sheet with Finland's Chempolis Oy

Numaligarh Refinery Limited (NRL) as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland's Chempolis Oy in New Delhi. The termsheet shall be the basis for formation of joint venture agreement for implementation of the project, a company release said here today. It was signed on Friday by Chempolis Oy President, Asia-Pacific and America, Pasi Rousu and NRL General Manager S D Maheshwari.

Top NRL officials and A Manickam, ex-ambassador of India to Finland and presently director of Chempolis India were present on the occasion. A partnership agreement for the bio-refinery project was signed between NRL and Chempolis Oy in October 2014 in the presence of Indian President Pranab Mukherjee and President of Finland Sauli Niinisto. NRL is implementing India's first bio-refinery project at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally-available non-food biomass feedstock with technology from Finland.

The release further said 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel. The surplus is to be sold to other oil marketing companies. The bio-refinery is expected to give a fillip to bamboo cultivation in the region and bring about a socio-economic transformation, it added.

 

The North East Times Date: 16/05/2016

 

newkerala.com Date: 13/05/2016

NRL and Chempolis Oy sing term sheet for bio-refinery joint venture

Guwahati, May 13 : : Impletation of Numaligarh Refinery Ltd (NRL)'s ambitious Bio Refinery project, the first in the country, a Bio Refinery Term Sheet was signed between NRL and Chempolis Oy, Finland on Thursday in New Delhi, officials said.

The Term Sheet shall be the basis for formation of joint venture agreement for implementation of the project.

The Term Sheet was signed by Pasi Rousu, President Asia Pasific and America of Chempolis Oy and NRLs General Manager (Finance) SD Maheswari in presence of P Padmanabhan, MD of NRL, SK Barua, Director (Finance) of NRL, A manickam, former Ambassador of India to Finland and present Director of Chempolis India and other senior officials of NRL.

A partnership agreement for the Bio Refinery project was signed between NRL and Chempolis Oy on October 15, 2014 in presence of visiting India President Pranab Mukherjee and Finland PresidentSauli Niinisto in Finland.

NRL is implementing Indias first Bio-Refinery in Assam at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally available non-ffod bio-mass feedstock with formicobio technology from Finland based technology provider Chempolis Oy.

 

The Arunachal Times Date: 16/05/2016

NRL signs bio-refinery termsheet with Finland’s Chempolis Oy

Guwahati, May 15 (PTI) Numaligarh Refinery Limited (NRL) as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland’s Chempolis Oy in New Delhi.

The termsheet shall be the basis for formation of joint venture agreement for implementation of the project, a company release said here today.

It was signed on Friday by Chempolis Oy President, Asia-Pacific and America, Pasi Rousu, and NRL General Manager S D Maheshwari.

Top NRL officials and A Manickam, ex-ambassador of India to Finland and presently director of Chempolis India were present on the occasion.

A partnership agreement for the bio-refinery project was signed between NRL and Chempolis Oy in October 2014 in the presence of Indian President Pranab Mukherjee and President of Finland Sauli Niinisto.

NRL is implementing India’s first bio-refinery project at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally-available non-food biomass feedstock with technology from Finland.

The release further said 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel. The surplus is to be sold to other oil marketing companies.

The bio-refinery is expected to give a fillip to bamboo cultivation in the region and bring about a socio-economic transformation, it added.

 

Web India 123 Date: 16/05/2016

NRL signs agreement with Finland company for Bio Refinery Term sheet

In a positive development towards implementation of NRL's Bio Refinery Project, the first in the country, a Bio Refinery Term sheet was signed between NRL and Chempolis Oy, Finland, May 12 last at New Delhi.The Term Sheet shall be the basis for formation of Joint Venture Agreement for implementation of the Project, a Numaligarh Refinery Ltd (NRL) statement said here today.The Term sheet was signed by Pasi Rousu, president Asia Pasic and America, Chempolis Oy , Finland and S D Maheshwari GM (Finance) NRL, in presence of P Padmanabhan MD NRL, S.K.Barua Director(Finance) NRL, A Manickam, Ex-Ambassador of India to Finland and currently Director, Chempolis India, and senior NRL officials.A partnership agreement for the Bio Refinery Project was signed between NRL and Chempolis, Oy on October 15, 2014, in the presence of visiting President of India Pranab Mukherjee and President of Finland Sauli Niinist at Finland.NRL is implementing India's first Bio-Refinery in Assam at an estimated cost of Rs 950 crores which would produce bio-ethanol with co-production of furfural and acetic acid from locally available non-food bio-mass feedstock with formicobio technology from Finland based technology provider M/s Chempolis Oy.Bamboo is one of the major non-food biomass resources available abundantly in North East India and is amongst the fastest growing plants.The Bio Refinery is expected to give a fillip to bamboo cultivation in the region and bring about a socio economic transformation.NRL has already inked MoUs with Nagaland Bamboo Development Agency (NBDA) and Arunachal Pradesh Bamboo Resources Development Agency (APBRDA) last year for sourcing of bamboo for the Bio Refinery.UNI

 

Diligentia Services Date: 16/05/2016

Numaligarh signs bio-refinery unit agreement with Chempolis

Bharat Petroleum Corporation Ltd’s Assam-based facility Numaligarh Refinery Limited (NRL) has signed a term sheet with Chempolis Ltd, a Finland-based bio refining technology for setting up a bio-refinery unit. The term sheet will be the basis for formation of a joint venture agreement for implementation of the project. A partnership agreement for the biorefinery project was signed between NRL and Chempolis in 2014.

According to a statement from NRL, the company is implementing India’s first bio-refinery in Assam at an estimated cost of Rs 9.50 billion which would produce bio-ethanol with co-production of furfural and acetic acid from locally available non-food bio-mass feedstock. Bamboo is one of the major non-food biomass resources available abundantly in North East India and is among the fastest growing plants. 49,000 tons of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel, with the surplus to be sold to other oil marketing companies.

The company added that NRL has already inked MoUs with Nagaland Bamboo Development Agency (NBDA) and Arunachal Pradesh Bamboo Resources Development Agency (APBRDA) last year for sourcing of bamboo for the Bio Refinery.

 

The First Mail Date: 15/05/2016

NRL signs bio-refinery termsheet with Finland's Chempolis Oy Numaligarh Refinery Limited (NRL) as part of its efforts to implement its bio-refinery project, the first in the country, has signed a bio-refinery termsheet with Finland's Chempolis Oy in New Delhi.

The termsheet shall be the basis for formation of joint venture agreement for implementation of the project, a company release said here today.

It was signed on Friday by Chempolis Oy President, Asia-Pacific and America, Pasi Rousu, and NRL General Manager S D Maheshwari.

Top NRL officials and A Manickam, ex-ambassador of India to Finland and presently director of Chempolis India were present on the occasion.

A partnership agreement for the bio-refinery project was signed between NRL and Chempolis Oy in October 2014 in the presence of Indian President Pranab Mukherjee and President of Finland Sauli Niinisto.

NRL is implementing India's first bio-refinery project at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally-available non-food biomass feedstock with technology from Finland.

The release further said 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel. The surplus is to be sold to other oil marketing companies.

The bio-refinery is expected to give a fillip to bamboo cultivation in the region and bring about a socio-economic transformation, it added.

 

NewsLiner.in Date: 16/05/2016

Numaligarh signs bio-refinery unit agreement with Chempolis

GUWAHATI: State-run oil refiner-marketer Bharat Petroleum Corporation Ltd's Assambased facility Numaligarh Refinery Limited (NRL) has signed a term sheet with Chempolis Ltd, a Finland-based bio refining technology for setting up a bio-refinery unit. The term sheet will be the basis for formation of a joint venture agreement for implementation of the project. A partnership agreement for the biorefinery project was signed between NRL and Chempolis in 2014. According to a statement from NRL, the company is implementing India's first bio-refinery in Assam at an estimated cost of Rs 950 crore which would produce bio-ethanol with co-production of furfural and acetic acid from locally available non-food bio-mass feedstock. Bamboo is one of the major non-food biomass resources available abundantly in North East India and is among the fastest growing plants. 49,000 tonnes of bio ethanol produced annually would primarily be used to blend NRL petrol as mandated by the National Policy on Biofuel, with the surplus to be sold to other oil marketing companies. The company added that NRL has already inked MoUs with Nagaland Bamboo Development Agency (NBDA) and Arunachal Pradesh Bamboo Resources Development Agency (APBRDA) last year for sourcing of bamboo for the Bio Refinery.

 

Date: 16/04/2016

 

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Previous Comments

S.No.DateUser NameComments
1 24-02-2018 A ARIVALAGANTHE GOVERNMENT OF INDIA HAS ANNOUNCED MANY INITIATIVES FOR BOOSTING BAMBOO PRODUCTION. HOPE THIS PROJECT CONSTRUCTION ACTIVITIES COMMENCES IN 2018.
2 19-05-2017 JimmiXzSqNew York
3 19-02-2018 BarneyxcqNew York
4 13-01-2018 Khagen BoraNo progress of bio-refinery is apparent till that ,the project was conceptualized long back. Hopefully progress will be apparent this year.
5 13-01-2018 Khagen BoraNo progress of bio-refinery is apparent till that ,the project was conceptualized long back. Hopefully progress will be apparent this year.
6 05-01-2017 BarnypokNew York

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