The Punjab Government on 29 October 2015 inked a Memorandum of Understanding (MoU) with a consortium of Beta Renewables, Novozymes and CVC India Infrastructure Pvt. Ltd. to set up a bio-ethanol refinery worth 950 crore rupees in the state.
The agreement was signed on the last day of the two-day second Progressive Punjab Investors’ Summit, 2015.
The refinery will be constructed in two years, which will make Punjab the state leader in the bio-refinery sector.
Key features of the bio-refinery
• The bio-refinery will help in solving the chronic problem of wheat and paddy straw burning in the state.
• It will help in containing the loss of fertility and damage to environment.
• It will help in generating co-products of biogas, pellets and compost through processing bio-refinery effluents and pellets.
In addition, the government signed 12 other MoUs worth 21305 crore rupees, which include 300 MW solar plant and 150 MW solar plant with Neuron Power Solutions Pvt. Ltd., Biomass Power Plant by Sukhbir Agro Energy Ltd., 100 MW waste-to-energy projects by AG Dauters Consulting Pvt. Ltd., 100 MW power generation unit by Navrattan Group, Co-Generation power plant by Indian Sucrose Ltd. and 50 MW solar power plant by Imperial Solution Pvt. Ltd.
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Who: Punjab Government
What: Signed MoU
When: 29 October 2015