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Praj Industries inks MoU with IndianOil to produce Alcohol to Jet fuels

Tuesday, 09 Nov 2021
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Praj Industries and IndianOil have inked a memorandum of understanding (MoU) to explore opportunities such as the production of Alcohol to Jet (ATJ) fuels, 1G & 2G ethanol, compressed biogas (CBG) and related opportunities in the biofuels industry.

This MOU will boost ATJ fuel production capacity and its use in India which will in turn help curb emissions emanating from airplanes as per IATA's mandate.

As per the MoU, IndianOil and Praj will also collaborate to set up biofuel production facilities, including CBG, biodiesel and ethanol.

The two companies will also work together to facilitate the sales and marketing of various co-products and intermediates produced from these facilities. Praj and IndianOil will explore and jointly work towards forming 50:50 joint venture and identify partners to form special purpose vehicles (SPVs) under the proposed alliance

Currently, Praj Industries is executing India's first second generation ethanol plant for IndianOil at their Panipat facility.
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