Godavari Biorefineries Limited (GBL), a leading manufacturer of ethanol-based chemicals and one of India’s biggest producers of ethanol, signed a licensing deal with Catalyxx Inc. for the conversion of ethanol to biobutanol and other higher alcohols.
The license cost is worth $1,931,850. A royalty on the gross sales of the licensed products produced in the plant will be paid by the licensee to the licensor in addition to the licensing fee. Benefits for early adopters of technology are included in this evaluation. An exclusive license to manufacture the Licensed Products in the Manufacturing Region for the Field of Use is granted by the Licensor to the Licensee. A nonexclusive and nontransferable license to promote and sell the licensed products globally is also granted by the Licensor to the Licensee, with no sublicensing rights.
By commercializing the technology, the licensee hopes to use the licensed IPR to build a chemical facility that can produce up to 30,000 metric tons of licensed products. The Licensor is willing to issue a license based on the terms and conditions specified in the Agreement.
GBL recently revealed that it is also looking at the manufacture of ethanol from grains during a conference call to review the company’s financial performance for the second quarter ended September 30, 2024.
Tags: Biobutanol, Ethanol, Godavari Biorefineries
Recent Posts
Angola’s NVS Targets Green Methanol Production for Multiple Sectors
CBH Group Trials Biofuels to Cut Maritime Emissions in Grain Exports to Europe
Grimaldi Group Takes Delivery of Ammonia-Ready PCTC Grande Tianjin
HD Hyundai Receives ABS Approval for Breakerless MVDC Ship Propulsion System
India begins construction of first hydrogen-powered vessels
Polish Delegation and JKSH Group Explore Green Energy Project in Andhra Pradesh
bigbasket Expands EV Delivery Fleet to 50 Cities with Support from Kazam
Axpo Completes Spain’s First Ship-to-Ship Bio-LNG Bunkering for Container Vessel at Algeciras