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Indian oil companies are investing in biofuel refineries to boost ethanol production from non-molasses sources such as agricultural residues and even petrochemicals PM Modi is trying to fulfill his pledge to meet a 10 per cent reduction in the nation’s energy imports by 2022 An oil refinery in a region in India that’s more famous for its tea plantations is hoping to put its abundant greenery to new use. A $200 million joint venture between Numaligarh Refinery Ltd. and Finnish technology firm Chempolis Oy will crush bamboo, the longest of the grass family, to produce 60 million liters of ethanol every year in the tea producing state of Assam.

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