NTPC signed a non-binding memorandum of understanding (MoU) with Numaligarh Refinery (NRL) to explore partnership opportunities for green chemical projects.
The strategic partnership is in the area of green chemicals and green projects, wherein the opportunities would be explored in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green projects. The two CPSEs, through this MoU, intend to enhance their footprint in this area, and foray into sustainable solutions to advance the efforts towards achieving Net-Zero targets and be partners in the development of the North-east region.
NTPC is committed to achieving 60 GW of renewable energy capacity by 2032 and establishing its position in the green hydrogen and energy storage domain. NRL is a subsidiary of Oil India, and is engaged in the business of refining and marketing petroleum products.
