Chempolis Ltd, a Finland based biorefining technology corporation today signed MoU with ONGC, India’s leading oil & gas exploration company. The MoU acts as a road, mapping the first biorefinery project in India. The signing ceremony took place in New Delhi in the presence of Alexander Stubb, Finland’s Foreign Trade Minister and Panabaka Lakshmi, Union Minister of State for Petroleum and Natural Gas.
Further to the first biorefinery, Chempolis and ONGC are targeting at larger production of sustainable biofuels in India, which would reduce India’s dependence on imported petroleum.
“India has huge biomass potential and after biofuel mandate by Indian government, the country is certainly taking steps to be at the forefront of biorefining. In addition, Indian companies already have a long tradition to utilize residual biomass from agriculture, especially combustion of sugarcane bagasse and production of electricity. The country also has existing production of bioethanol and related infrastructure. Indian agriculture produces huge volumes of residues that are largely not utilized” says Pasi Rousu, President, Asia-Pacific and Americas, Chempolis Ltd.
He further added, “In co-operation with ONGC, Chempolis would be looking forward to the establishment of biorefineries preferably in areas of Uttar Pradesh, Punjab, Haryana, Maharashtra, Karnataka and Gujarat. The company aims at delivering its technology in co-operation with leading Indian industry suppliers.”
Chempolis’ 3rd generation biorefining technology is based on selective fractionation of biomass and co-production of multiple products in a sustainable way. The technology is not just for the production of biofuels (e.g. ethanol), but the produced sugars and lignin can be used as a platform into a myriad of different products.
Further information:
Pasi Rousu, President, Chempolis Asia & Pacific and Americas
Tel. +91 996 200 3545
Tel. +66 80 818 4862
Tel. +358 40 544 9997