Praj Industries signs joint venture with Aker Kvaerner

Praj Industries and Aker Kvaerner, global provider of engineering and construction services finalised an agreement to form a joint venture company in Europe that will be called BioCnergy Europe B.V.

The company holds 60 percent in BioCnergy, while Aker Kvaerner holds 40 percent of the shareholding.

The joint venture 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.