Praj Industries Ltd, an industrial biotechnology enterprise, introduced on Thursday (June 5) that it has acquired a world task from Enersur SA, certainly one of Paraguay’s main renewable power corporations, to assist create a completely built-in biorefinery venture within the South American nation.
Praj will contribute to the creation, analysis, and gradual implementation of a complete biorefinery as a part of the cooperation. The power will produce ethanol in addition to DDGS, maize oil, biogas, bio bitumen, and SAF, which is sustainable aviation gas.
The settlement was signed throughout Paraguayan President Santiago Peña Palacios’ state go to to India on June 2-4, 2025. The signing occasion was attended by Palacios, in addition to a high-level group of ministers, bureaucrats, and enterprise leaders.
Enersur awarded Praj a contract to design, provide, and fee a contemporary 600 m³/day anhydrous ethanol facility in Canindeyú, Paraguay. This facility, which can use corn as feedstock, is an enormous step ahead in Paraguay’s dedication to sustainable power and rural growth whereas additionally serving to to scale back dependency on fossil fuels.
Praj’s numerous vary of companies consists of course of expertise licensing, full-scale design and engineering, provide of core course of gear, and on-site supervision help. The power is deliberate to be utterly operational by October 2026.
At 12:50 pm, the shares of Praj Industries have been buying and selling 3.26% increased at Rs 505.30 on NSE.
The way forward for investing is right here!
Unicorn Alerts leverages superior AI expertise to offer you highly effective market predictions and actionable inventory scans. Obtain the app at the momentand 10x your buying and selling & investing journey!
