Praj looking to team with PE on green fund for 2G ethanol

September 5, 2016 |

In India, Praj is looking to team up with private equity funds to co-invest in the green fund it will set up to support customers developing second generation ethanol plants. The company announced the fund as well as the development of 10 2G facilities by the various national oil companies a few weeks ago when the government announced its policy to push forward with E10 based on broader ethanol supplies beyond traditional molasses. The fund is meant to help reduce risk for the oil companies while giving Praj an opportunity at managed exposure to the projects they build and install.

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Category: Fuels

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