Praj and Gevo Enter Development & Commercialization Agreement for Bio-IBA in India
Praj Industries and Gevo Inc. have signed an agreement to commercialize Bio-Isobutanol (Bio-IBA) technology in India to support low-carbon fuel solutions. The partnership aims to utilize Indian feedstocks to reduce the carbon intensity of diesel used in various industrial and transportation sectors.
Why it matters
This collaboration represents a significant step toward decarbonizing India's heavy-duty transport and industrial sectors through advanced biofuel technology.
Englewood, Colorado, United States & Pune, Maharashtra, India – Business Wire India
Praj Industries (PRAJIND | 522205) and Gevo Inc. (NASDAQ: Gevo) today 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.
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