Godavari Biorefineries Limited (GBL), one of India’s largest ethanol producers and a pioneer in manufacturing ethanol-based chemicals, has entered into license agreement with Catalyxx Inc on December 01, 2024, for conversion of ethanol to biobutanol and other higher alcohols.
Scope of business operation of agreement
Technology for conversion of ethanol to biobutanol and other higher alcohols (License product)
Details of consideration paid in agreement
The value of the license fee is U$D 1,931,850. Apart from license fee, Licensee shall pay to Licensor a royalty on the gross sales of the Licensed Products manufactured in the Plant. This consideration includes the first technology adopter benefits.
Significant terms and conditions of agreement JV in brief
Licensor grants to the Licensee an exclusive license to use the Licensed IPR to manufacture the Licensed Products in the Manufacturing Region, for the Field of Use. Licensor further grants to Licensee, without right to sublicense, a nonexclusive and nontransferable license to market and sell the Licensed Products worldwide.
Rationale and benefit expected
The Licensee is desirous of utilizing the Licensed IPR to construct a chemical facility by Commercializing the Technology that will produce upto 30,000 metric tons of Licensed Products (and Licensor is willing to grant a License based on the terms and conditions as set in the Agreement.
Also read: Godavari Biorefineries exploring grain-based ethanol production
Recently, during a conference call to discuss the company’s financial performance for the second quarter ending September 30, 2024, GBL stated that it is also exploring grain-based ethanol production.
Speaking on the occasion, Samir Somaiya, Chairman and Managing Director (CMD) of GBL, said, “This partnership with Catalyxx Inc reflects our commitment to advancing sustainable chemistry and underscores our leadership in the bio-chemicals sector. We are excited to embark on this journey and look forward to the positive impact this project will have on our business, the environment, and the communities we serve.”
“This agreement is the culmination of years of rigorous development and innovation, reflecting our unwavering commitment to advancing sustainable chemistry,” said Joaquín Alarcón, CEO of Catalyxx. “This strategic partnership with Godavari Biorefineries, a company with an exceptional track record in sustainability, demonstrates the global recognition of our technology’s impact and sets the foundation for the next phase of Catalyxx’s growth. Together, we are pioneering a more sustainable future for the chemical industry.”
For detailed information and further insights, please refer to Chinimandi.com, which provides news about the Ethanol Industry.
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