ONGC and Finland's clean technology firm, Chempolis, have signed an MoU to produce ethanol in India and reduce India's dependence on its import.
The agreement is part of the initiative of the Indian Government to promote use of clean technologies. Under the agreement, ONGC and Chempolis will set up a pilot project to produce ethanol, bio-chemicals and bio-coal from biomass residual matters. The MoU will give ONGC access to technology for conversion of cellulose into ethanol.
Chempolis has developed a technology by which all cellulose-based waste products can be converted into ethanol.
The government is also planning to utilise Finnish technology in the area of converting solar energy into thermal energy to be used for heating purposes.