NTPC, NRL tie-up for green chemicals and green projects

NTPC said it has signed a non-binding MoU with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India engaged in the business of refining and marketing of petroleum products, for partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon in Assam and other green projects. Through this MoU, the two CPSEs intend to enhance their footprint in green chemicals and foray into sustainable solutions to advance the efforts towards achieving the nation?s net-zero targets and be partners in development of the northeast region. NTPC aims to achieve 60 GW of renewable energy capacity by 2032 and be a major player in the green hydrogen and energy storage domain. The company is taking up several initiatives towards decarbonisation such as green hydrogen, biofuels, carbon capture and hydrogen mobility.