You never hear the reformocons talk about arithmetic in their speeches. They talk about inequality and upward mobility and the American middle class. They talk about all sorts of expensive new plans, and they never mention that there’s a cat…
Under the MOU, Praj will undertake to license up to
250 million gallons of isobutanol capacity for sugar-based ethanol
plants over the next ten years. 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 has conducted significant diligence on Gevo’s
corn starch-based isobutanol technology and we believe in the
technology,” said Pramod Chaudhari, Executive Chairman of Praj.
“Isobutanol has a substantial market opportunity given that
isobutanol is a high performance biofuel that can solve many of
the issues of 1st 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 1st generation
sugar-based ethanol plant owners, as well as accelerating the use
of 2nd generation cellulosic feedstocks to produce isobutanol.”
“We are very pleased to be working with Praj and
having them become an important licensee and partner. This new
strategic alliance demonstrates the flexibility of Gevo’s GIFT
technology to convert a wide range of sugar sources into
isobutanol. It also continues to validate the interest in
licensing our intellectual property portfolio as we look to
transition our business to focus more on a licensing model,” said
Dr. Patrick Gruber, Gevo’s Chief Executive Officer.
In a “quick take,” Cowen & Company’s Jeffrey Osborne noted:
“In addition to licensing Gevo’s
technology for its first-gen ethanol plants, Praj will also tap
Gevo to market the isobutanol produced. Praj will also
contribute process engineering and equipment services for Gevo’s
plant in Luverne, MN, which should help expand and stabilize
Gevo’s in-house capability of producing isobutanol and improve
yields and energy consumption at the plant.”
This news comes as a follow up to Gevo’s recent announcement of
NASA’s purchase of Gevo’s Alcohol-to-Jet (ATJ) for aviation, which
is manufactured at the company’s demonstration biorefinery in
As of the last update in January, Gevo’s Luverne facility is
producing 75-100k gallons of isobutanol per month, or
approximately a run rate of 1 million gallons per year. Praj’s
potential assistance at Gevo’s plant can help lead to stable
increasing production levels, on top of the financial and
technology validation benefits Gevo gains from the licensing
Gevo will announces its quarterly earnings on Thursday.
was originally published.
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