Fueling the Future: India's Push for Sustainable Aviation Solutions
Key Ideas
  • GPS Renewables partners with SAF One to build a facility in India producing 20-30 million liters of Sustainable Aviation Fuel annually from lignocellulosic waste feedstock.
  • India's strategy includes mandatory SAF blending in aviation fuel, starting with a 1-5% blend in 2027, to address environmental challenges.
  • The partnership aims to accelerate the production of Sustainable Aviation Fuel, positioning India as a leader in the adoption of clean fuels for the aviation industry.
  • EY played a crucial role as the investment banker in the transaction, facilitating the development of the project to enhance India's clean energy infrastructure.
GPS Renewables, a technology and engineering company in India focusing on clean fuels, has teamed up with SAF One, based in Dubai, to establish a facility in India producing 20-30 million liters of Sustainable Aviation Fuel annually. This initiative aims to utilize lignocellulosic waste feedstock and aligns with India's plan to introduce mandatory SAF blending in aviation fuel, starting with a 1-5% blend by 2027. Mainak Chakraborty, CEO of GPS Renewables, expressed the importance of collaborative efforts in overcoming production challenges for Sustainable Aviation Fuel. The partnership with SAF One signifies a significant step towards achieving this goal. Besides, GPS Renewables has been actively involved in various biofuel technology projects, including green hydrogen, showcasing their commitment to sustainable energy solutions. The collaboration between GPS Renewables and SAF One highlights the strategic significance of advancing clean fuel projects in India's aviation sector. Deepak Munganahalli, Co-Founder of SAF One, emphasized the growth potential of the Indian aviation industry and the role of sustainable aviation fuels in its development. EY's involvement as the exclusive M&A investment banker in this venture underscores the commitment to bolstering India's clean energy infrastructure and meeting the evolving energy requirements of the aviation sector.
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