India, Finland in Pact to Produce Ethanol
From The Hindu
India, on Tuesday, signed an agreement with Finland to produce indigenous ethanol to promote use of clean technologies and cut down the oil import bill.
Oil and Natural Gas Corporation (ONGC) and Finnish clean technology firm Chempolis will set up a pilot project to produce ethanol, bio-chemicals and bio-coal from biomass residual matters. The agreement was inked by Finnish Minister for European Affairs Alexander Stubb and Minister of State for Petroleum and Natural Gas Panabaka Lakshmi here.
“We have signed a MoU with a Finnish company called Chempolis. It is for conversion of cellulose into ethanol. We have developed a technology by which all cellulose-based waste products can be converted into ethanol,” ONGC Chairman Sudhir Vasudeva told reporters at an event here.
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