Chempolis Ltd, a Finland based biorefining technology corporation today signed MoU with ONGC, India’s leading oil & gas exploration company. The MoU acts as a road, mapping the first biorefinery project in India. The signing ceremony took place in New Delhi in the presence of Alexander Stubb, Finland’s Foreign Trade Minister and Panabaka Lakshmi, Union Minister of State for Petroleum and Natural Gas.
Further to the first biorefinery, Chempolis and ONGC are targeting at larger production of sustainable biofuels in India, which would reduce India’s dependence on imported petroleum.
“India has huge biomass potential and after biofuel mandate by Indian government, the country is certainly taking steps to be at the forefront of biorefining. In addition, Indian companies already have a long tradition to utilize residual biomass from agriculture, especially combustion of sugarcane bagasse and production of electricity. The country also has existing production of bioethanol and related infrastructure. Indian agriculture produces huge volumes of residues that are largely not utilized” says Pasi Rousu, President, Asia-Pacific and Americas, Chempolis Ltd.
He further added, “In co-operation with ONGC, Chempolis would be looking forward to the establishment of biorefineries preferably in areas of Uttar Pradesh, Punjab, Haryana, Maharashtra, Karnataka and Gujarat. The company aims at delivering its technology in co-operation with leading Indian industry suppliers.”
Chempolis’ 3rd generation biorefining technology is based on selective fractionation of biomass and co-production of multiple products in a sustainable way. The technology is not just for the production of biofuels (e.g. ethanol), but the produced sugars and lignin can be used as a platform into a myriad of different products.
Pasi Rousu, President, Chempolis Asia & Pacific and Americas
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About Chempolis Ltd.
Chempolis Ltd. is a technology leader delivering innovative 3G formico® biorefining technologies that provide profitable, sustainable and cost-effective solutions for the biomass, paper, oil, sugar, alcohol, and chemical industries to refine biomass into high-quality products while minimizing environmental impact and maximizing social benefits.
Chempolis’ core products are the two patented third generation technologies for biorefining of non-food biomasses: formicobio™ for the co-production of advanced biofuels, cellulosic sugars, platform biochemicals and biocoal, and formicofib™ for the co-production of papermaking fibers (i.e. pulp), platform biochemicals and biocoal. The competitive edge of Chempolis 3G biorefining technology platform is that it enables production of multiple value-added products from renewable raw materials. Chempolis technologies are self-sufficient in terms of energy, and produce no harmful effluents, CO2 or sulphuric emissions. Biomass is selectively fractionated with a recyclable biosolvent while all the biomass components are processed into valuable products. In June 2013, Panabaka Lakshmi, Union Minister of State for Petroleum and Natural Gas and a high-level business delegation visited Chempolis Biorefining Park in Finland.
About ONGC Ltd.
ONGC (Oil and Natural Gas Corporation Limited) is India’s leading oil & gas exploration company. ONGC has produced more than 600 million metric tonnes of crude oil and supplied more than 200 billion cubic metres of gas since its inception. It has a share of 77 percent in India’s crude oil production and 81 per cent in India’s natural gas production. ONGC has a fully owned subsidiary, ONGC Videsh Ltd (OVL) that looks for exploration opportunities in other parts of the world. OVL is pursuing exploration of oil and gas in Russia, Iran, Iraq, Libya Myanmar and other countries. The origins of ONGC can be traced to the Industrial Policy Statement of 1948, which called for the development of petroleum industry in India.