Latest News | PFC to Provide Rs 3,037 Cr Loan to Assam Bio Refinery for Numaligarh Plant

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.

Also Read | APPSC Group 2 Hall Ticket 2023 Released at psc.ap.gov.in: Admit Card for Group 2 Services Examination Out, Know Steps To Download.

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.

Also Read | Saraswati Temples in India: From Dakshina Mookambika to Sri Vidya Saraswathi Shaneeshwara, Mandirs Across The Country Dedicated to the Goddess of Knowledge.

It's a joint venture incorporated with three promoters -- Numaligarh Refinery Ltd and two foreign companies Fortum and Chempolis from Finland.

(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)