Aker Kvaerner and Praj JV for European bio-fuels market
The JV will offer European customers access to the complete scope of services required for license, plant design and construction, with seamless integration and application of the Praj technology. Praj has been active in European markets for bio-ethanol technology solutions. In 2006, Praj and Aker Kvaerner entered into an alliance for strategic cooperation on bio-ethanol projects in Europe. Based on market interest in the alliance and the fact that Europe will follow a binding guideline of 10 per cent bio-fuels blending by 2020, thereby expanding the market opportunity for bio-fuel plants, the two companies have decided to extend their association by forming a JV.
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