Fortum investigates more efficient use of biomass in its new joint venture in India
FORTUM CORPORATION PRESS RELEASE 2 May 2018 Fortum takes a step forward in its Bio2x programme by establishing a joint venture together with Numaligarh Refinery Limited (NRL) and Chempolis for building and operating a biorefinery in Assam, India. Fortum will invest to the project EUR 13.5 million for which Fortum will get 28% share of the joint venture. For Fortum this joint venture is part of company's Bio2x research and development programme that aims at more resource efficient use of biomass. The aim is to find ways to separate and put to use all usable fractions of the biomass.