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Praj Industries and Gevo Inc. sign licensing agreement & joint development agreement

Capital Market 

For Gevo's Isobutanol technology

Praj Industries and Gevo Inc. signed a licensing agreement and a joint development agreement for Gevo's Isobutanol technology. This is further to the MoU signed earlier in the year. The Isobutanol technology will be offered to sugar and starch based ethanol plants, including the majority of Praj's customers, globally.

Apart for these agreements, Praj will invest substantial resources in the development and optimisation of Gevo's Isobutanol technology applied to feedstock including sugar cane, sugar beets, cassava, rice, sorghum, wheat and certain cellulosic sugars. This development work is expected to lead to process design packages that would accelerate the licensing technology. The PDP will build upon the work Praj has carried out on sugar and starch based feedstocks. Praj and Gevo will also commercialise Gevo's technology for making renewable jet fuel from Isobutanol in India.

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First Published: Mon, November 09 2015. 17:11 IST