Praj-Aker Kvaerner form JV company
A Business Correspondent
Praj Industries Ltd, which offers solutions for distillery
and brewery wastewater treatment and utilisation, and Aker Kvaerner, the global
provider of engineering and construction services, have finalised an agreement
to form a joint venture company in Europe. The two companies will hold 60 per
cent and 40 per cent, respectively, in the new company that will be called
BioCnergy Europe B.V.
The JV will provide the technology package, engineering services, equipment and
systems, project management services, construction and erection services, and
commissioning, as well as turnkey biofuel plant. BioCnergy will address both the
ethanol and biodiesel opportunities in Europe.
[18 June 2007]