MoU signed between NTPC and Chempolis India

In Gist:

A Memorandum of Understanding (MoU) has been signed by National Thermal Power Corporation (NTPC) with Chempolis India to set up a bamboo-based biorefinery.
National Thermal Power Corporation (NTPC) made the partnership deal with Chempolis India because along with being a Fortum group associate company, it is also leading in the Finnish bio-refining technology.
This partnership is special because NTPC Ltd. is a Central Public Sector Undertaking (PSU) under the Ministry of Power and it is the largest power-generating utility in India.
Furthermore, it became a Maharatna company in May 2010.
The mega purpose that brought them together was the idea to explore the feasibility of setting up a bamboo-based bio-refinery in Bongaigaon (Assam) and its possible economical untapped possibilities.
In the bio-refinery project, bamboo will be used for the production of 2G ethanol, bio-coal for thermal power plants, and other value-added products.
To sum up, this project will support NTPC’s decarbonization efforts, by building a sustainable model for the promotion of the use of locally available resources.
And in the meantime, this project will create many job opportunities thus, contributing to the overall growth of the place.