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Praj signs MoU to become Gevo licensee for producing renewable isobutanol
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Monday, 30 March, 2015, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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fiogf49gjkf0d Praj Industries Ltd, which offers solutions for bio-ethanol facilities, brewery plants, water & wastewater treatment systems, has signed a memorandum of understanding (MoU) to become a Gevo licensee for producing renewable isobutanol at sugar-based ethanol plants.
Under the MoU, the company will undertake to licence up to 250 million gallon of isobutanol capacity for sugar-based ethanol plants over the next 10 years. Gevo, a player in renewable technology, chemical products, and biofuels, will market the isobutanol produced by the company’s sub-licensees. It will also contribute process engineering and equipment services to expand isobutanol capacity at Gevo’s plant in Luverne, Minnesota, as well as to improve yields and optimise energy consumption at the facility.
“Praj has conducted significant diligence on Gevo’s corn starch-based isobutanol technology and we believe in the technology,” said Pramod Chaudhari, executive chairman, Praj Industries Ltd. “Isobutanol has a substantial market opportunity given that isobutanol is a high performance biofuel that can solve many of the issues of first generation biofuels. It is also a step closer to a true biorefinery model wherein a number of specialty chemicals and bio-products can be produced using isobutanol as a feedstock. We look forward to creating a new opportunity for first generation sugar-based ethanol plant owners, as well as accelerating the use of second generation cellulosic feedstocks to produce isobutanol to make an advanced biofuel.”
“We are very pleased to be working with Praj and having them become an important licensee and partner. Praj has considerable experience in scaling up and industrialising various process technologies. With customers across more than 60 countries, we consider them to be an outstanding partner in bringing our isobutanol technology to the worldwide market,” said Dr Patrick Gruber, Gevo’s CEO. “This new strategic alliance demonstrates the flexibility of Gevo's Gift technology to convert a wide range of sugar sources into isobutanol. It also continues to validate the interest in licensing our intellectual property portfolio as we look to transition our business to focus more on a licensing model.”
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