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Praj Industries inks licensing, joint development agreement with Gevo

10 Nov 2015 Evaluate

Praj Industries (Praj) has signed a licensing agreement and a joint development agreement with Gevo Inc. 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.

As part of these agreements, Praj will invest substantial resources in the development and optimization of Gevo’s Isobutanol technology applied to feed stocks including sugar cane, sugar beets, cassava, rice, sorghum, wheat and certain cellulosic sugars. This development work is expected to lead to process design packages (PDP) that would accelerate the licensing of the technology. The PDP will build upon the work Praj has carried out on sugar and starch based feedstocks.

Praj and Gevo will also commercialize Gevo’s technology for making renewable jet fuel (ATJ) from Isobutanol in India. The emission reduction measures adopted by the Aviation sector will be greatly helped by use of renewable jet fuel.



Praj Industries Share Price

350.75 1.60 (0.46%)
17-Apr-2026 16:59 View Price Chart
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