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Japan to fund $400 million bamboo biofuel refinery project in India
Japan is set to extend up to 60 billion yen (approximately $408 million) in public and private sector funding for a biofuel initiative in India that will convert bamboo biomass into automobile fuel. According to a report by Nikkei Asia, this marks the largest financial assistance by Japanese institutions in northeastern India and aligns with Tokyo’s push towards clean energy solutions.
The funding package will come from the Japan Bank for International Cooperation, a government-backed lender, alongside private-sector participants such as Sumitomo Mitsui Banking Corporation. Japan Bank for International Cooperation (JBIC) alone will contribute $244 million of the total financing.
PFC to lead Assam bamboo refinery
The project is being spearheaded by state-run Power Finance Corporation (PFC). The initiative comes under Japan and India’s collaboration on sustainable energy.
The loan will be channeled through PFC to Assam Bio Ethanol Private Limited (ABEPL), which will operate a new refinery in Assam’s Golaghat district. The facility, nearing completion, will produce biofuels from locally grown bamboo.
The refinery is expected to produce 49,000 metric tons of bioethanol annually, which will be sold as a petrol additive in India. It will also manufacture 11,000 tons of acetic acid, used in adhesives and various products, and 19,000 tons of furfural, a raw material for synthetic resins. Leftover biomass will be utilised to generate electricity, ensuring zero waste.
source : Business Standard
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