PRAJIND : INKS DEVELOPMENT & COMMERCIALIZATION AGREEMENT FOR BIO-IBA IN INDIA

• Praj Industries signed a Development & Commercialization Agreement with Gevo Inc. for Bio-Isobutanol (Bio-IBA) technology in India. • Praj will commercialize Bio-IBA in India with exclusive rights to deploy the technology, focusing on diesel blending applications. • The partnership builds on over a decade of association, leveraging Praj's expertise in Indian feedstocks and Gevo's technology. • Praj is also establishing India's first commercial Bio-IBA demonstration plant. • Bio-IBA offers a pathway to reduce diesel's carbon footprint in transportation, agriculture, mining, and construction.

Praj Industries Ltd

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