Gevo will market the isobutanol produced by Praj’s sub-licensees. Praj will also contribute process engineering and equipment services to expand isobutanol capacity at Gevo’s plant in Luverne, Minn, as well as to improve yields and optimize energy consumption at the facility.

Praj is a global leader in the ethanol and brewery industries, in addition to the industrial wastewater treatment, pharma, biotech and cosmetic sectors. It has blue-chip customers across five continents and sixty countries.

Praj has conducted significant diligence on Gevo’s corn starch-based isobutanol technology and we believe in the technology. Isobutanol has a substantial market opportunity given that isobutanol is a high performance biofuel that can solve many of the issues of 1^st generation biofuels. It also enables a true biorefinery model wherein a number of specialty chemicals and bio-products can be produced using isobutanol as a feedstock. We look forward to creating a new opportunity for 1^st generation sugar-based ethanol plant owners, as well as accelerating the use of 2^nd generation cellulosic feedstocks to produce isobutanol.

—Pramod Chaudhari, Executive Chairman of Praj