Key Points
Indian Oil Corp. is planning to build a Rs 1,000 crore ($122 million) sustainable aviation fuel plant as global supplies run significantly short of whats needed by airlines to meet decarbonization goals...
Supply agreements with airlines are needed to push ahead with the investment, he added...
The plant, which will be built at Indian Oils Panipat refinery north of New Delhi and utilize alcohol-to-jet technology developed by LanzaJet, is likely to be the nations first SAF facility should it be constructed..
The next step will be a government recommendation to blend SAF with jet fuel, which will be key to airlines signing supply agreements with Indian Oil..
An oil ministry panel, which Ramakumar leads, recommended an initial blending of 1% SAF into regular fuel from 2026 followed by a gradual ramp up, he said.. Airlines will also need tax breaks from the government or carbon credits to make it viable to use SAF due to the tight cost of operations, he said.. Global aviation accounts for more than 2% of the gases warming the planet, and other alternatives to curb emissions are lacking..
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