Praj Industries has received a Letter of Acceptance (LoA) from Indian Oil Corporation (IOCL) for their upcoming 2nd generation biorefinery project located in Panipat, Haryana. This project will have the production capacity of 100 kilo liter per day of ethanol from biomass such as rice straw.
Praj's scope for the said project comprises license of proprietary technology, design package and project management services (EPCM) for a value of Rs 38.7 crore. This is further to the MOU entered between Praj and IOCL in September 2016.
As for the earlier contract with Bharat Petroleum Corporation (BPCL) for license of proprietary technology and design package, Praj is on track with the execution. Praj is also participating in further major tenders released by BPCL for the said project.
Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes & water and waste water treatment systems.
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