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Chempolis and ONGC sign deal for production of cellulosic ethanol and biochemicals

3:15 AM MST | November 26, 2013 | Deepti Ramesh

Chempolis (Oulu, Finland), a biorefining technology company, says it has signed a memorandum of understanding with Oil and Natural Gas Corp. (ONGC; New Delhi), for the first biorefinery project in India. Chempolis and ONGC are also targeting production of sustainable biofuels in India, that will help reduce India’s dependence on imported petroleum, Chempolis says. The deal with ONGC follows Chempolis’ decision in 2011 to form a biorefinery joint venture at Luohe, China with Henan Yinge Industrial Investment Co. (Luohe). Chempolis’ core products...

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