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Praj signs MoU to become Gevo licensee for producing renewable isobutanol
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Our Bureau, Mumbai
March 30 , 2015
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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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