Godavari Biorefineries Limited Secures Exclusive License Agreement with Catalyxx Inc for manufacturing Biobutanol and Higher Alcohols in India

(Pioneering partnership sets the stage for sustainable innovation in the chemical industry through Catalyxx’s bio-based chemicals technology)

Mumbai, December 02, 2024: Godavari Biorefineries Limited (GBL), a pioneer in renewable chemicals and biofuels, is pleased to announce the signing of a strategic international license agreement with Catalyxx Inc. This partnership grants GBL exclusive rights to leverage Catalyxx’s cutting-edge technology for the conversion of ethanol to for up to 30,000 tons of biobutanol and other higher alcohols in India and selling globally.

Godavari will in the first phase, construct and operate a state-of-the-art facility designed to produce 15,000 metric tons of biobutanol and higher alcohols annually, marking a significant milestone in the company’s commitment to decarbonisation and sustainability.

Strategic Importance

1. Positions GBL at the forefront of the global bio-based chemicals market.
2. Enhances GBL's product portfolio with sustainable and eco-friendly solutions made from renewable resources.
3. Establishes the new biobutanol plant as a benchmark for the industry, driving innovation and contributing to a greener future.
4. Reflects the shared commitment of Godavari Biorefineries and Catalyxx to advancing the global green transition.
5. Highlights the strengths of both organizations and Positions the partnership as a key player in delivering bio-based solutions to industries worldwide.

Speaking on the occasion, Samir Somaiya, Chairman and Managing Director (CMD) of GBL, said,  "This partnership with Catalyxx Inc reflects our commitment to advancing sustainable chemistry and underscores our leadership in the bio-chemicals sector. We are excited to embark on this journey and look forward to the positive impact this project will have on our business, the environment, and the communities we serve."

"This agreement is the culmination of years of rigorous development and innovation, reflecting our unwavering commitment to advancing sustainable chemistry," said Joaquín Alarcón, CEO of Catalyxx. "This strategic partnership with Godavari Biorefineries, a company with an exceptional track record in sustainability, demonstrates the global recognition of our technology's impact and sets the foundation for the next phase of Catalyxx growth. Together, we are pioneering a more sustainable future for the chemical industry."

About Godavari Biorefineries Limited (GBL): (BSE: Script Code 544279 | NSE: GODAVARIB)

Godavari Biorefineries Limited is a leader in the renewable chemicals and biofuels industry, dedicated to creating sustainable solutions that contribute to a circular economy. Listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), GBL has a legacy of innovation and a commitment to sustainability, driving progress in renewable energy and green chemistry. For more information about Godavari Biorefineries, please visit www.godavaribiorefineries.com.

About Catalyxx Inc:

Catalyxx Inc. is a leading company in sustainable chemistry. Catalyxx is dedicated to replacing the use of fossil-based chemicals and committed to transform the industry making it greener, more efficient and sustainable. For more information about Catalyxx, please visit www.catalyxxinc.com.