Industrial biotechnology company Praj Industries (Praj)on Thursday said it has entered into an agreement with the Institute of Chemical Technology (ICT) to jointly promote higher education and research in the areas of process development and development of novel reactor designs for biochemical and catalytic processes. The Memorandum of Understanding (MoU) comes into effect immediately and will be valid for the next 10 years, that is up to December 31, 2030, Praj said in a statement. Through this collaboration, Praj and ICT will be jointly undertaking research in process development and development of innovative reactor designs for biochemical and catalytic processes. Various high potential technology development projects will be jointly undertaken that would be governed by separate project specific MoUs, the statement said.