PFC SIGNS MoA WITH ASSAM BIO-REFINERY PRIVATE LIMITED (ABRPL) FOR SETTING UP BIO-REFINERY PLANT FOR ETHANOL PRODUCTION AND OTHER PRODUCTS ALONG WITH 24 MW BIO-COAL BASED CAPTIVE POWER PLANT (CPP) IN NUMALIGARH, ASSAM STATE.

Power Finance Corporation Limited (PFC) & Assam Bio-Refinery Private Limited (ABRPL) successfully signed a loan
agreement on 13.02.2024 for extending term loan of Rs. 3037.50 Crores for setting up Bio- Refinery plant for 2G
Bioethanol production and other products such as Furfuryl Alcohol, Acetic Acid, Liquid CO 2 along with 24 MW Bio-Coal
based CPP in Numaligarh, Assam State at an estimated Project Cost of Rs 4200 Crore. The bio-refinery plant uses dry
bamboo as input raw material of 3 MTPA. It shall produce Cellulosic 2G Bio Ethanol and other platform chemicals
using Chempolis’ 2 nd generation bio-refining technology ‘FormicobioTM’. ABRPL is a Joint Venture (JV) of Numaligarh
Refinery Limited (NRL) and a subsidiary of Oil India Ltd. (OIL)), Fortum 3 B.V., Netherlands (Fortum 3 BV) and
Chempolis OY, Finland (Chempolis).towards a greener future through its financial support for setting up 12 Commercial Scale 2G Bioethanol Projects using
renewable feedstock. Under the National Policy on Biofuels – 2018 scheme, biofuels are derived from renewable
biomass resources and wastes to provide a higher degree of national energy security in an environmentally friendly
and sustainable manner by supplementing conventional energy resources, reducing dependence on imported fossil
fuels and meeting the energy needs of India’s vast urban and rural population. ABRPL is one of the first Bio-Refineries
to produce Bioethanol from Biomass of Bamboo in Assam, North East India, under this flagship initiative.
The partnership between PFC and ABRPL highlights PFC’s continued support and assistance in developing the North
Eastern Region of the Country. Both organisations remain dedicated to ensuring the successful implementation of the
project.