The State government of Punjab has inked an MoU with Virgo Corporation for a Rs 630-crore biofuel project which will produce renewable fuel from rice husk.
According to Punjab Chief Minister Amarinder Singh, the project would go a long way in containing environmental pollution due to stubble burning, besides supplementing the income of farmers by helping turn unmanageable agro-waste into raw material for producing biofuel.
According to a release from the US Consulate in Chennai, “Virgo Corporation signed a landmark memorandum of understanding (MOU) with the Government of Punjab for a biomass-based project that is poised to transform how local farmers dispose of crop stubble. The project came about with assistance from the U.S. Embassy’s Foreign Commercial Service, which identified the potential for a specific U.S. technology to transform leftover crop stubble from Punjab’s rice paddies into biofuel, and connected the U.S. and Indian business partners. Following the connection made by the U.S. Embassy, Virgo Corporation and U.S. technology partner Honeywell signed an MOU in December 2018 to develop the project.
“This project demonstrates how collaboration toward a common vision can bring about sustainable solutions and positive change,” said Ambassador Kenneth I. Juster, remarking on the MOU. “When companies and governments come together, share resources and expertise, and develop new and innovative approaches, the potential benefits to society can be substantial.”
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