Prime Minister Shri Narendra Modi Laid Foundation Stone for Bio-refinery Project in Assam, a Collaboration of NRL, Fortum and Chempolis
/ -- Fortum brings in biggest FDI to North East, in a single greenfield project
Fortum commits to invest Euro 13.5 Million in a Project of Euro 160 Million Aims to convert bamboo into biofuel and bio chemicals, using Chempolis technology
This bio fuel generated from biomass will save approximately 60 Million US Dollars annually
Speaking on this auspicious occasion, Mr. Sanjay Aggarwal, Managing Director, Fortum India, said, " We would like to take this opportunity to applaud the steps taken in the past years by Government of India, for improving the investor's sentiments and helping companies like Fortum to bring investment in India and also to increase the usage of bio fuels, as that solves many critical issues, like saving foreign exchange, waste management and providing domestic & clean energy sources. We are living in a world with diminishing natural resources, and we aspire to be one of the forerunners in resource efficiency. For the world's future, biomass is a valuable raw material that can be used to produce many more products of value than today. As Fortum India, increases its presence in India in partnership to building and operating a bio-refinery with NRL and Chempolis, we look to support the country in its path to sustainable development."
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