India's Praj in bioethanol deal with Aker Kvaerner

07 March 2006 15:53  [Source: ICIS news]

LONDON (ICIS news)--Indian bioethanol technology firm Praj Industries and Aker Kvaerner have joined forces in a bid to win a share of the rapidly growing European market for bioethanol projects, the Norwegian engineering group said on Tuesday.

Under a memorandum of understanding (MoU) between the two firms, Praj will supply the process licence, process engineering and critical and proprietary equipment for the process plant. Aker Kvaerner’s European process business will provide basic engineering, procurement and construction expertise.

Praj, based in Pune, specialises in technology, design, engineering, manufacture and supply of equipment for distillery plants, ethanol plants, brewery plants and related effluent treatment plants and is the owner of information related to various processes. It has plans to set up a marketing operating base in the European Union (EU) in the near future.

The two companies aim to target the European market on the back of the EU Bio-Fuels Directive. This sets a target of 5.75% energy content inclusion of biofuels in the transportation fuel mix by 2010.

“Many EU countries are fast developing a fuel ethanol programme. France, Germany, Belgium, the Netherlands and others have announced either a policy or a grant for promotion of fuel ethanol,” Aker Kvaerner said.  

By: Hilde Ovrebekk
+44 20 8652 3214

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