Finland's Chempolis ties-up with Avantha group for offering Technology to extract ethanol from cellulosic bio waste

Chempolis Limited, a Finland based biorefining technology corporation, has entered into partnership with Avantha Group's research wing Avantha Centre for Industrial Research & Development (ACRID) to offer technology to India to extract ethanol from various agri residues for blending with petrol.

India is a leading agricultural country producing large amounts of bagasse, cane trash, rice and wheat straw whose disposal is an environmental problem. The partnership will help deliver bio refining technology to India to convert various agri residues, such as bagasse, cane trash, rice & wheat straw, corn stems, grasses, bamboo to clean sugars to be further converted to cellulosic ethanol and other biobased chemicals.

"Currently only a small percentage of ethanol blending ratio is reached due to lack of traditional raw materials and proper technologies. This partnership can help India achieve 10% ethanol blending levels in petrol and 20% blending ratio by 2017" said Mr. Rajeev Vederah, Chairman, ACRID.

Speaking on the partnership, Mr. Pasi Rousu, President (Asia Pacific and Americas), Chempolis Ltd. "India is today facing many challenges like air pollution, tremendous import of petroleum, underdeveloped countryside etc. All these challenges can be turned into highly scalable sustainable, (economic, environment and social) businesses."

Chempolis and ACRID partnership can help India to achieve its goals of reducing forex spending on importing of oil, production of more sustainable carbon neutral biofuels and chemicals while reaching ethanol blending targets and promoting sustainable and environment-friendly business models.

Source : Equity Bulls

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