Notably, the NRL has inked an important ‘framework agreement’ with its technology partner Chempolis Oyo of Finland to give concrete shape to the implementation of the Rs 950-crore bio-refinery project. The project is designed to produce 49,000 tonnes of bioethanol annually with co-production of furfural and acetic acid using ‘formicobio’ technology of Chempolis Oyo. The plant will use bamboo, which grows abundantly in the region. The project has been planned to keep in view the future demand of bio-fuel in the region. As a green initiative to produce energy from renewable sources, the bio refinery project is expected to give a fillip to bamboo cultivation in the region on commercially sustaible basis, generating large-scale employment and ushering in socio-economic transformation of the Northeast.