A license agreement signed by Godavari Biorefineries to convert ethanol to biobutanol

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