Under this strategic partnership, Praj will support the development, evaluation, and phased implementation of the biorefinery, which aims to produce ethanol alongside co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF).
This project builds on an earlier contract awarded to Praj by Enersur for a 600 m³/day corn-based anhydrous ethanol plant in Canindeyú, Paraguay, expected to be operational by October 2026. Praj’s responsibilities include technology licensing, engineering design, core equipment supply, and on-the-ground supervision.
The initiative is expected to create significant employment opportunities, foster rural development, and support the global transition to low-carbon energy.
Pramod Chaudhari, Founder Chairman of Praj Industries, said, “This partnership goes beyond ethanol—it embodies our shared vision to harness the full potential of bio-based innovations for clean energy, circular economy, and long-term energy resilience across South America.”
Praj is an industrial biotechnology company focused on the environment, energy, and agri-process industry, with 1000++ customer references spanning 100+ countries across all 6 continents.
The company's consolidated net profit fell 56.7% to Rs 39.80 crore on a 15.6% decrease in operational income to Rs 859.70 crore in Q4 FY25 over Q4 FY24.