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NTPC Ltd has inked a non-binding agreement with Numaligarh Refinery Limited (NRL) to investigate the potential for collaboration on green chemical projects. Numaligarh Refinery Limited (NRL) is a subsidiary of Oil India Ltd that is involved in the refining and marketing petroleum products, whereas NTPC Ltd is an organisation under the Ministry of Power.
"NTPC and NRL to build a strategic partnership for green chemicals and green projects. NTPC signed a non-binding MoU with NRL for partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green projects," the statement said. Through this MoU, the two CPSEs seek to increase their footprint in green chemicals and venture into sustainable solutions to advance the nation's Net-Zero ambitions and become partners in the northeast region's development, according to the statement.
NTPC is dedicated to significantly participating in the green hydrogen and energy storage industries and achieving 60 GW of renewable energy capacity by 2032.
Also Read : Maharashtra govt signs MoUs for green hydrogen projects and steel plant Centre lays foundation stones of 8 National Highway projects worth ₹2,217 cr in Tanakpur, Uttarakhand
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