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Indian-Commodity  :  Investment  :  Praj Industries, Gevo joint development agreement to enter commercialization phase

Praj Industries, Gevo joint development agreement to enter commercialization phase (26-Jul-2017)

Praj Industries and Gevo, Inc. (Gevo) have unveiled a new commercial opportunity in renewable bio-products, jointly announcing that Gevo's proprietary isobutanol technology will now be available for licensing to processors of sugar cane juice and molasses. This follows on the back of Praj's development work, adapting Gevo's technology to sugar cane and molasses feedstocks.

A joint development agreement and a development license agreement were entered into between Praj and Gevo in November 2015. The goal of these agreements was for Praj to adapt Gevo's isobutanol technology to using non-corn based sugars and lignocellulose feedstocks. The process technology development was performed at Matrix, Praj's R&D center located in Pune, India.

In the first phase of development, Praj worked with Gevo's technology using sugar cane and molasses feedstocks, undertaking test-runs in order to develop a process design package that will now be offered for commercialization to cane juice and molasses-based ethanol plants, as licensees of Gevo's isobutanol technology. Licensing is expected to be focused on Praj plants located in India, South America and South East Asia, with initial capacity targeted to come online in the 2019/2020 timeframe.


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