PUNE, India, August 10, 2016 /PRNewswire/ –
– 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
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 OMCs, 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 Pramod Chaudhari, Executive Chairman, Praj Industries.
Farmer-centric Biomass supply chain model :
Praj has devised a farmer-centric biomass supply chain model which will benefit farmers and ensure a better livelihood. This sustainable model will help farming community to generate additional revenues from agri-waste which will be consumed to produce bio ethanol. This will also generate rural employment & entrepreneurship opportunities for the youth.
Build, Operate & Maintain (BOM) package
Praj will also be the first technology provider to offer 2nd Generation ‘Biomass to Ethanol’ Projects based on Build, Operate & Maintain (BOM) package. Under this package, Praj will not only provide the technology and build the plant but also will assist in operating and maintaining it.
Praj’s End-to-end 2G ‘Smart Biorefinery’ solution :
Second Generation (2G) Ethanol is produced from biomass which includes agricultural residues such as bagasse, corn cobs, rice & wheat straw, cotton stalk, empty fruit bunches etc. Praj offers end-to-end solution to set up 2G smart Biorefinery; this will be capable of producing a range of products – from bio-ethanol, bio-CNG, power and variety of Bio chemicals.
It is Praj’s endeavor to create a unique techno-socio-economic revolution in India that has the potential to catalyze rural economy while saving precious foreign exchange and reducing GHG emissions.
Praj: First Indian Tech. Provider to Launch ‘Green Fund’
