Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTJuly 26 (Renewables Now) - Gevo's isobutanol technology will now be offered for licensing to processors of sugar cane juice and molasses, the US biofuels firms said on Tuesday.
This is as a result of joint development and development license agreements Gevo signed with Indian engineering company Praj Industries Ltd (BOM:522205) in November 2015. The agreements called for Praj to adapt Gevo's technology to using non-corn based sugars and lignocellulose feedstocks.
The cooperation has now reached a point where the technology will be made available for commercialisation to cane juice and molasses-based ethanol plants. Licensees will be mainly sought among Praj plants located in India, South America and South East Asia, with a target to have the initial capacity operational sometime in 2019 or 2020.
The isobutanol platform can be offered as bolt-on to existing ethanol plants or as a greenfield plant, explained Pramod Chaudhari, executive chairman of Praj, which has worked on 750 ethanol plant projects around the world.
Gevo is expected to be the main off-taker, marketer and initial distributor for isobutanol produced using its technology at the Praj-built plants.
Isobutanol can be used as a gasoline blendstock, a specialty chemical solvent or an intermediate for products such as alcohol-to-jet fuel and isooctane.
Weekly renewables M&A round-up (Dec 2-6)
Dec 06, 2019 15:48 CESTBlack Hills to add more turbines to 40-MW wind project in Wyoming
Dec 06, 2019 14:16 CESTIndia's SECI to hold tenders for 2.4 GW of wind, solar
Dec 06, 2019 14:08 CESTUS Judge prevents exclusion of bifacial PVs from list of import duty exemptions
Dec 06, 2019 11:30 CESTVineyard wins Connecticut offshore wind tender with 804-MW bid
Dec 06, 2019 8:39 CESTGeronimo Energy brings live 200-MW S Dakota wind park
Dec 06, 2019 7:32 CEST