Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Praj's technology breakthrough for producing 'Bio-bitumen'

Posted On: 2021-05-18 05:09:50 (Time Zone: UTC)

Praj Industries India's most accomplished industrial biotech company has achieved yet another milestone by developing innovative technology to produce Bio-bitumen based on lignin. The Netherlands-based Circular Biobased Delta, one of Europe's premier consortia to promote bioeconomy, has approved Praj's Bio-bitumen samples processed from Purified Lignin, as a part of their flagship CHAPLIN program.

Lignin is one of the co-products resulting from the 2nd generation Ethanol plants, paper making and also from Compressed Bio-Gas plants.

Bitumen is a black viscous mixture of hydrocarbons produced by fractionation of crude oil and has wide applications in road construction and roofing as binder.

Praj has now developed a proprietary process (under patenting) to convert the crude lignin into Bio-bitumen which has potential to replace this fossil based bitumen and offer eco-friendly green bitumen. The binding and viscoelastic property of Bio-bitumen makes it useful for applications in asphalt.

Circular Biobased Delta (CBBD) facilitates cooperation between knowledge centers, public authorities and industry to grow usage of biomass as a raw material in the chemical, construction and packaging industries. Under its flagship program CHAPLIN, it aims at stimulating the development and commercialization of Bio-bitumen as binder for use in asphalt so as to improve the greening approach in road construction while reducing CO2 intensity.

Praj had provided Bio-bitumen samples processed from Rice and Wheat Straw as feedstock in their 2G Biorefinery Demo plant in India to CBBD for testing and evaluation. After thorough evaluation and studies in their advanced laboratories, CBBD has approved Praj's Bio-bitumen sample for scale up in Asphalt on a Dutch test strip on the road.

Dr. Pramod Chaudhari, Founder Chairman of Praj said, "We are delighted to receive certificate of approval from Circular Biobased Delta for Bio-bitumen samples produced by deploying our proprietary process technology. We understand that Praj is the first Asian company to have developed Bio-bitumen that has the potential to partially replace bitumen from fossil resources. Biobitumen is poised to play a significant role as road construction material while curbing CO2 emissions and boosting Bioeconomy. This reaffirms our strong belief in innovation and technology leadership in the industrial biotech space globally."

Speaking on this landmark development, Dr. Ir. Willem L. Sederel, Chairman of Circular Biobased Delta said, "We are very positive about the results of Praj's Bio-bitumen samples based on our lab trials. We have now requested Praj to provide larger quantity of samples for constructing a road strip for test in the Netherlands. We firmly believe increasing value for lignin derived Bio-bitumen will allow improving the biobased business and stimulate economic activities such as processing of agri residues & its applications, biorefineries, and Bio-bitumen."

Following successful testing of pilot road strip in the Netherlands, usage of Bio-bitumen as a green construction material will open up a new chapter of huge applications potential in bioeconomy.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.329.7 as compared to the previous close of Rs. 313.15. The total number of shares traded during the day was 601192 in over 12550 trades.

The stock hit an intraday high of Rs. 339.6 and intraday low of 307.4. The net turnover during the day was Rs. 197253561.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Parvati Sweetners and Power Limited Q4FY21 net profit higher at Rs. 2.78 crore

Super Tannery Ltd Q4FY21 net profit soars to Rs. 2.93 crore

Promoters of Capacite Infraprojects Limited have sold shares worth Rs. 70.56 crores

B L Kashyap and Sons Ltd secures new orders of Rs. 135 crores

CRISIL reaffirms ratings of Thomas Cook India Limited

Ushdev International Ltd consolidated Q4FY21 loss at Rs. 1.90 crore

Simplex Castings Ltd Q4FY21 consolidated PAT at Rs. 9.93 crore

Mallcom India Ltd Board approves final dividend of Rs. 3

Patels Airtemp India Ltd board recommends dividend of Rs. 2.50 for FY21

NTPC Ltd board recommends final dividend of Rs. 3.15

Karur Vysya Bank donates 10 ambulances to TN Health Systems Project in the presence of Honorable CM of Tamil Nadu under CSR initiative

Mallcom India Ltd reports consolidated PAT of Rs. 10.38 crores in Q4FY21

Continental Chemicals Ltd posts Rs. 9.97 lakhs PAT in Q4FY21

Patels Airtemp India Ltd Q4FY21 consolidated net profit slips to Rs. 3.01 crore

NTPC Ltd reports Rs. 4649.49 crores consolidated PAT in Q4 FY2020-21

Craftsman Automation Limited's Ratings upgraded to 'CRISIL A / Stable / CRISIL A1

Apollo Proton Cancer Centre Organises Drive-thru Vaccination Camp

HLV Limited board approves preferential issue to promoter group

Alkem Laboratories receives 2 observations from USFDA for manufacturing facility located at St. Louis, USA

Raj Packaging Industries Ltd Board recommends Final Dividend of 5%

HDFC to sell 3,55,67,724 shares of HDFC ERGO to HDFC Bank Ltd

HDFC Bank to classify Aruna Hotels Ltd's bank account as Standard Account effective Q1 FY2021-22

KDDL Ltd Board approves Dividend of Rs. 1.50

Sheela Foam celebrates 50 years of bringing healthy comfort to your lives

Apollo Hospitals Chennai introduces Sputnik V vaccination

Galaxy Surfactants Ltd. launches their new Homecare brand Galaxy Hearth™

Kernex Microsystems India Ltd Q4FY21 consolidated PAT jumps to Rs. 3.04 crore

Asian Energy Services Ltd reports Rs. 2.57 crore consolidated PAT in Q4FY21

HLV Ltd Q4FY21 loss at Rs. 1.42 crore

Muthoot Capital Services Ltd Q4FY21 PAT slides to Rs. 9.05 crore

Galaxy Bearings Ltd Q4FY21 PAT lower at Rs. 2.01 crore

Shiva Suitings Ltd Q4FY21 loss at Rs. 3.61 lakhs

Raj Packaging Industries Ltd reports net profit of Rs. 68.05 lakhs in Q4 FY2020-21

Nila Infrastructures Ltd Q4FY21 consolidated PAT at Rs. 4.64 crore

Vakrangee Ltd posts Q4FY21 consolidated PAT of Rs. 20.79 crores

ICICI Bank Outlook revised to Stable from Negative, ratings affirmed

CRISIL downgrades rating on long-term bank facilities of BHEL

TIMKEN India Ltd board recommends final dividend of Rs. 1.5

HDFC Bank Ltd board recommends dividend of Rs. 6.50

Birla Cable Ltd Board recommends dividend of Rs. 1

Precot Limited Q4FY21 consolidated PAT at Rs. 29.05 crores

RattanIndia Power Ltd Q4FY21 consolidated PAT at Rs. 39.32 crores

TIMKEN India Ltd posts net profit of Rs. 52.93 crores in Q4FY21

GMR Infrastructure Ltd Q4FY21 consolidated loss at Rs. 723.36 crores

Revathi Equipment Ltd Q4FY21 consolidated loss at Rs. 1.37 crore

Birla Cable Ltd reports net profit of Rs. 6.32 crores in Q4FY21

India Motor Parts and Accessories Ltd board recommends dividend of Rs. 10

ALTBalaji direct subscriptions up 42% year on year

Centrum and BharatPe Set To Create A New Age Bank

K P International Pvt Ltd announces expansion project

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020