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Shares of Praj Industries moved higher by 8 per cent to hit a new high of Rs 356.80 on the BSE in intra-day trade on Tuesday after the company announced that Circular Biobased Delta has approved Praj’s Bio-bitumen samples processed from purified lignin, as a part of their flagship CHAPLIN program. The Netherlands-based Circular Biobased Delta is one of Europe’s premier consortia to promote bio-economy.
Lignin is one of the co-products resulting from the second generation ethanol plants, paper-making and also from compressed bio-gas plants. Bitumen is a black viscous mixture of hydrocarbons produced by fractionation of crude oil and has
