The Punjab government Monday signed an MoU with a Delhi-based company for a Rs 630-crore biofuel project which will produce renewable fuel from rice husk.
Punjab Chief Minister Amarinder Singh said that 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.
The technology for the project will be provided by the US giant Honeywell.
The company, Virgo Corporation, will use the technology to produce biofuel from rice husk at a processing plant which will provide over 150 direct and 500 indirect jobs, an official spokesperson said. Read More