NTPC Ltd on Tuesday said that it has signed an agreement with Chempolis India to explore the feasibility of setting up a bamboo-based bio-refinery at Bongaigaon in Assam. In a statement, NTPC Ltd said that the non-binding agreement was signed on April 10.
"NTPC and Chempolis India, a Fortum group associate, has signed a non-binding Memorandum of Understanding (MoU) to explore the feasibility of setting up a bamboo-based bio-refinery," it said.
The bio-refinery project shall utilize bamboo for the production of 2G ethanol, bio-coal for thermal power plants, and other value-added products. This project, NTPC said aligns with its commitment to sustainable development and creating new opportunities for local communities.