Praj Industries is reportedly planning to enter into partnership with private equity (PE) funds and foreign lenders after having announced setting up of a green fund last month. The ethanol technology provider is now focusing on second-generation ethanol production from agri-residue. The newly announced fund will finance setting up of such projects.
The Pune-based company has installed around 100 first-generation (1G) ethanol plants in India. It claims that six-seven percent of global ethanol is produced from technology provided by it. It exports technology to 75 countries, including the UK, the US, Germany and Belgium.
Praj Industries is a Process Engineering and Technology Company offering innovative end-to-end solutions for biofuels, brewery, industrial processes and water and wastewater treatment systems.