Business Standard ·
Praj Industries partners with Gevo Inc.
For development and commercialization of Bio-Isobutanol (Bio-IBA) technology in India
Praj Industries and Gevo Inc. (NASDAQ: Gevo) announced the signing of a Development & Commercialization Agreement for Bio-Isobutanol (Bio-IBA) technology in India, reinforcing their long-standing association to advance sustainable low-carbon fuel solutions.
Under the agreement, Praj will lead the commercialization of Bio-IBA technology in India, with exclusive rights to deploy the technology in the country. The partnership will focus on developing commercial opportunities for Bio-IBA, with primary emphasis on diesel blending applications that have the potential to reduce the carbon intensity of one of the world's most widely used transportation and industrial fuels.
