UK-based Green Biologics (GBL), a biotechnology firm working on cellulosic biobutanol (earlier post) has signed an agreement with Laxmi Organic Industries to develop and construct a commercial scale demonstrator for biobutanol in India.
Laxmi Organic Industries is a leading Indian biochemicals manufacturer that ranks among the world’s top 10 producers of ethyl acetate.
GBL will work with Laxmi to develop and build a commercial demonstrator plant in Mumbai that will use molasses as a feedstock and produce 1,000 tonnes of butanol per year. Plans are to have the plant fully operational in 2010.
Separately, in South Korea, the government and private sector unveiled a plan to invest 99.4 trillion won (US$87.5 billion) in the next five years to build up six key industries and 22 separate projects that can best help fuel the national economy.
Among the projects to be supported is the large-scale production of biobutanol from algae.