New Delhi: Praj Industries Limited (Praj) on Tuesday announced a Memorandum of Understanding (MoU) with Egypt’s Sugar and Integrated Industries Company of Egypt (ESIIC). Under the MoU, Praj and ESIIC will expand infrastructure, formulate a policy framework and raise awareness. of the integration of the bioeconomy in Egypt.
“Praj, India’s most comprehensive commercial biotech company, and ESIIC, Egypt’s largest sugar company, have partnered to establish first and second generation ethanol projects in Egypt. Sugarcane bagasse and rice straw are being used as feedstock for the design of Egypt’s first second-generation ethanol. project,” Praj Industries said in a press release.
The low-carbon ethanol produced from those 2G ethanol plants will be provided as feedstock for the production of specialty chemicals. This sustainable biochemistry will rely on fossil-derived chemicals. The bioethanol provided as a chemical intermediate is based on the precept of the circular bioeconomy. that will make GHG emissions through carbon recycling.
“We are very pleased to marry Praj, a global leader in commercial biotechnology. This marriage will help Egypt reach greater heights in the bioeconomy. We seek to embrace renewable opportunities to achieve carbon neutrality. Praj’s expertise in the area of 2G ethanol will indeed gain advantages in Egypt,” said Essam El-Din EI-Bedewy, President and CEO of ESIIC.
The MoU comes at a time when calls for the phasing out of fossil resources and the transition to renewables are gaining momentum at the ongoing COP 27 summit.
“We are excited to partner with ESIIC as they explore the use of ethanol beyond transportation applications. To combat the ills of climate change, harnessing cleaner and greener technologies is an imperative as sustainable climate action. I am confident that this union will advance the bioeconomy, drive the energy transition and drive the path to carbon neutrality,” said Pramod Chaudhari, founding chairman of Praj Industries.
Download the Mint app and premium stories
Log in to our to save your favorites. It will only take a moment.
You’re one step away from building your watchlist!
Ups! It seems that he went over the line to label the symbol. Remove some to upload this symbol to your favorites.
Your inquiry has expired, log in again.
You are now subscribed to our newsletters. If you can’t find any emails from us, check the spam folder.
This is a subscriber-only feature Subscribe now to receive updates on WhatsApp