PFC Funds Assam Bio Refinery for Numaligarh Plant
By Rediff Money Desk, NEWDELHI Feb 14, 2024 17:50
PFC will provide a Rs 3,037.50 crore loan to Assam Bio Refinery Pvt Ltd for a 3 million tonne per annum bio-refinery plant in Numaligarh, Assam, using dry bamboo as raw material.
![PFC Funds Assam Bio Refinery for Numaligarh Plant](https://im.rediff.com/money/2019/mar/11refinery.jpg)
Photograph: Ahmed Jadallah/Reuters
New Delhi, Feb 14 (PTI) State-owned PFC has inked a pact with Assam Bio Refinery Pvt Ltd (ABRPL) under which Rs 3,037.50 crore loan will be provided for setting up a bio-refinery plant at Numaligarh.
The 3 million tonne per annum plant will use dry bamboo as raw material, a statement said.
The plant will produce 2G bioethanol and other products such as furfuryl alcohol, acetic acid, liquid CO2 along with 24 MW bio-coal based captive power plant at an estimated project cost of Rs 4,200 crore.
ABRPL is one of the first bio-refineries to produce ethanol from biomass of bamboo.
It's a joint venture incorporated with three promoters -- Numaligarh Refinery Ltd and two foreign companies Fortum and Chempolis from Finland.
The 3 million tonne per annum plant will use dry bamboo as raw material, a statement said.
The plant will produce 2G bioethanol and other products such as furfuryl alcohol, acetic acid, liquid CO2 along with 24 MW bio-coal based captive power plant at an estimated project cost of Rs 4,200 crore.
ABRPL is one of the first bio-refineries to produce ethanol from biomass of bamboo.
It's a joint venture incorporated with three promoters -- Numaligarh Refinery Ltd and two foreign companies Fortum and Chempolis from Finland.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...