Catalyxx and Godavari Biorefineries Announce Landmark Technology License Agreement

Strategic partnership sets the stage for sustainable innovation in the chemical industry through Catalyxx’s advanced bio-based chemicals technology.

Chesterfield, MO, USA – December 02, 2024 – Catalyxx Inc. (“Catalyxx”), a leader in sustainable chemistry, and Godavari Biorefineries Limited (GBL), a pioneer in renewable chemicals and biofuels, are pleased to announce the signing of a strategic international license agreement. This partnership grants GBL exclusive rights in India to leverage Catalyxx’s proprietary technology for the conversion of ethanol into up to 30,000 metric tons of biobutanol and other higher alcohols. It validates Catalyxx’s cutting-edge process for producing high-value bio-based chemicals and underscores GBL’s commitment to advancing sustainable solutions in the chemical sector, positioning both companies at the forefront of innovation in the global green chemistry industry.

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

Strategic Importance

• Positions Catalyxx as a global technology leader in green chemistry, driving the transition toward decarbonization and defossilization in the chemical industry.
• Establishes the new biobutanol plant as an industry benchmark, showcasing the scalability and impact of Catalyxx’s proprietary technology.
• Enhances GBL’s product portfolio with sustainable and eco-friendly solutions made from renewable resources.
• Reflects the shared commitment of Godavari Biorefineries and Catalyxx to advancing the global green transition.
• Highlights the strengths of both organizations and positions the partnership as a key player in delivering bio-based solutions to industries worldwide.

Executive Insights

“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’s growth. Together, we are pioneering a more sustainable future for the chemical industry.”

“This partnership with Catalyxx reflects our commitment to advancing sustainable chemistry and underscores our leadership in the bio-chemicals sector,” said Samir Somaiya, Chairman and Managing Director (CMD) of Godavari Biorefineries. “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.”

About the Partnership
Catalyxx’s patented technology enables the efficient conversion of ethanol into high-value bio-based chemicals such as n-butanol, hexanol, octanol, and decanol. These products provide sustainable, carbon-negative, and cost-effective alternatives to traditional petrochemical solutions, addressing the growing demand for environmentally friendly products across multiple industries.

Godavari Biorefineries’ upcoming biobutanol plant, part of this partnership, will not only establish a benchmark for the industry but also contribute to the global green transition by offering innovative, renewable chemical solutions made from sustainable resources.

This agreement builds on Catalyxx’s recent success with the launch of its own first-of-a-kind industrial-scale project (FOAK) in Europe in collaboration with Technip Energies and supported by the European Comission’s EIC Accelerator Program, which granted Catalyxx with €9.5 million funding. This project demonstrated the scalability of Catalyxx’s technology and set a new benchmark for sustainable chemical production.

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 transforming the industry by making it greener, more efficient, and sustainable. For more information about Catalyxx, please visit www.catalyxxinc.com.

About Godavari Biorefineries Limited (GBL)
Godavari Biorefineries Limited (BSE: 544279 | NSE: GODAVARIB) is a leader in the renewable chemicals and biofuels industry, committed 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 is recognized for its legacy of innovation and commitment to sustainability. For more information about Godavari Biorefineries, please visit www.godavaribiorefineries.com.

Media Contacts:

Catalyxx
José Manuel Coll
Director Corporate Development & CFO
jmcoll@catalyxxinc.com