Gevo and Praj sign exclusive Indian bio-isobutanol commercialization deal

Gevo ($GEVO) and Praj Industries signed a development and commercialization agreement for renewable isobutanol in India. Praj will lead local commercialization and hold exclusive deployment rights in the country. The initial emphasis is on blending bio-isobutanol into diesel, combining Gevo’s technology with Praj’s engineering, feedstock knowledge and project-delivery capabilities.

Praj is separately developing a demonstration plant for an Indian oil-marketing company using licensed Gevo technology. That project is intended to validate production, logistics and potential market adoption before wider deployment. The agreement builds on an existing relationship, but establishes a new commercialization framework. Financial terms and firm fuel-purchase volumes were not disclosed. It should not be described as a completed large-scale fuel plant or a new guaranteed sustainable-aviation-fuel sales contract.

Sources:

• Gevo / Praj — development and commercialization agreement