Green light to Praj for the commence of the activities of other cellulosic ethanol biorefinery project in India
Type of post: FLASH NEWS.
Indian Oil
Corporation Limited (IOCL) has issued a Letter of Acceptance (LOA) to Praj regarding to the cellulosic
ethanol biorefinery to be built in Panipat (see press
release, 16/5/2018). Praj’s scope for the said project comprises license of
proprietary technology, design package and project management services (EPCM)
for a value of Rs 38.7 cr (approximately, 4.8 M€). In this way, two of the
three projects whose agreements of intention were signed by Praj at the end of
2016 (see “Agreements
to set up several cellulosic ethanol biorefineries in India”, 23/12/2016)
are in progress. Bharat Petroleum
Corporation Limited (BPCL) gave the formal confirmation towards
commencement of the activities in the other one (located in Bargarh) last
February (see “Praj
receives confirmation to initiate work on commercial scale cellulosic ethanol
plant for BPCL”, 26/2/2018).