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The CelluSmart technology will help ethanol producers in the measurement of cellulosic ethanol from biofuel production.

 Neogen® Corporation, an innovative leader in food safety solutions, announced that it has launched the new CelluSmart technology from Megazyme® by Neogen for the measurement of cellulosic ethanol from biofuel production.

In creating this industry-first technology, Neogen improved upon the previous National Renewable Energy Laboratory (NREL) procedure, introducing a yeast-degrading cocktail (YDC). With these improvements, CelluSmart allows the ethanol industry to fully realize its efforts to produce low-carbon fuels, represented in value by the D3 RINs generated from in-situ production.

Cellulosic ethanol represents a 60 per cent reduction in greenhouse gas emissions from standard petroleum-based fuel and helps progress toward climate goals. The CelluSmart technology has the potential to help ethanol producers further reduce carbon intensity scores, which, in combination with other factors, may help them gain access to new markets, including sustainable aviation fuel.

“The ethanol industry is a success story in providing low-carbon renewable energy,” said John Adent, Neogen’s President and Chief Executive Officer. “With the new CelluSmart technology, we can continue to leverage our knowledge in fiber and carbohydrate method development to contribute to the growth of this industry and help create a more sustainable world.”

“Neogen is a long-term partner with the biofuel industry, and we have worked together in the food safety space over the years,” said Dr Jason Lilly, Vice President of the Americas and Australia/New Zealand at Neogen. “We are thrilled to provide producers with this highly requested technology and strengthen our relationship with the industry as we strive to enable a more sustainable future.”

The CelluSmart technology is incorporated into ASTM Method E-3417-24, which meets the U.S. Environmental Protection Agency’s (EPA) requirements for an approved method from a voluntary consensus standards body.

The CelluSmart technology will help ethanol producers

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Cleantech and Greentech industry announced its unaudited financial results for the quarter ended June 30, 2022

Performance Review for Q1 FY23 ‐ Consolidated:

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

PBT is at Rs. 54.23 crore for the period (Q1 FY22: Rs. 29.80 crore; Q4 FY22: Rs. 78.05 crore)

PAT is at Rs. 41.26 crore (Q1 FY22: Rs. 22.20 crore; Q4 FY22: Rs. 57.65)

Order intake during the quarter Rs. 1094 crore (Q1 FY22: Rs. 661 crores; Q4 FY22: Rs. 1101.5 crore)

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “We have started FY  23 on a strong note with positive developments on order book and delivery volumes. However, challenges around volatile commodity prices, impact of war in Europe and rising global inflation continued. With commodity prices & supply chains stabilizing and increased focus on sustainable energy transition, business environment is expected to be conducive going forward.”

Key Developments:

1.Praj was conferred with the prestigious Fortune India THE NEXT  500 in the Engineering sector. Fortune India Next 500 is a ranking of the top five hundred midsize corporations in India compiled based on the latest sales and gross revenue figures. This award is a recognition of the remarkable growth and outstanding performance among the most promising mid‐sized companies in India.

2.Praj was bestowed with prestigious Golden Peacock Award in the Innovative Product and Service category for its ground‐breaking product BIOSYRUP®.  BIOSYRUP® makes it possible to store sugarcane juice in form of syrup for up to 12 months without any contamination or loss of sugar.

3. Praj joined Mission Possible Partnership (MPP), International Alliance to Pursuit Net Zero Aviation.

Income from operations stood at Rs 729.87