Approval for biomass biomethanol plant
The Government of Assam has approved a fiscal incentive package for the development of an industrial scale biomethanol facility at an estimated cost of $1.2 billion. Project developer Novel Biofuels is working in partnership with infrastructure company ACTUAL on the project, which will produce 1.4 million litres/day (1,100 t/d) of high-purity biomethanol from sustainably harvested bamboo sourced from Assam’s smallholder farming communities. It is expected to be commissioned by 2030, with site development and supply chain buildout commencing in 2026.

