New Delhi, Jan 30 (PTI) NTPC Ltd on Tuesday said it has signed a non-binding agreement with Numaligarh Refinery Limited (NRL) to explore partnership opportunities for green chemical projects.

While NTPC Ltd is an entity under the Ministry of Power, Numaligarh Refinery Limited (NRL) is a subsidiary of Oil India Ltd, engaged in the business of refining and marketing petroleum products.

Also Read | Indian Coast Guard Day 2024 Date, History and Significance: Know All About the 48th Raising Day of India’s Maritime Armed Force.

"NTPC and NRL to build a strategic partnership for green chemicals and green projects. NTPC signed a non-binding MoU with NRL for partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green projects," the statement said.

The two CPSEs, through this MoU, intend to enhance their footprint in green chemicals and foray into sustainable solutions to advance the efforts towards achieving the nation's Net-Zero targets and be partners in the development of the northeast region, it said.

Also Read | PM Modi Quotes on Mahatma Gandhi: Observe Martyrs’ Day 2024 With These Memorable Sayings by Indian Prime Minister Narendra Modi on Father of the Nation.

NTPC is committed to achieving 60 GW of renewable energy capacity by 2032 and being a major player in the green hydrogen and energy storage domain.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)