Praj to be the first Indian technology provider to launch ‘Green Fund’ for 2G ethanol projects

 

• First Indian technology company to partner in 2G ethanol projects through green fund

• To facilitate ‘Farmer centric Biomass supply model’

• To provide Build, Operate & Maintain (BOM) package for 2nd Generation ‘Biomass to Ethanol’ Projects

• To offer 2nd Generation “Smart Bio refinery” with multiple Co-products along with Ethanol

India, 10 August 2016:  Praj, a global process solutions company, is going to be the first technology provider in the Country to participate in 2G ethanol projects through ‘Green Fund’. This Green Fund will be contributed to accelerate 2nd Generation ‘Biomass to Ethanol’ projects in various parts of the country.  

“In order to accomplish 20% ethanol blending program set up by the government, the OMC’s, project developers and technology providers like us need to ramp up our actions and develop a sustainable eco-system. To achieve this ambitious blending target, 2nd generation biofuels play a pivotal role. Globally it has been accepted that 2G Ethanol is the answer to sustainability and reducing GHG emission. The Green Fund will play as catalyst in building sustainable industry that our future generations will benefit from. Further, we have prepared ourselves to execute 2G ethanol projects worth Rs. 2500–3000 crores in 2 years” said Mr. Pramod Chaudhari, Executive Chairman, Praj Industries.