Chempolis signs MOU for Indian biorefinery

In India, Finnish company Chempolis signed an MoU with ONGC, India’s leading oil & gas exploration company. The MoU acts as a roadmap for 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.