GPS Renewables & SAF One to Build India's First Major SAF Facility

24 May 2024 CW Team

GPS Renewables, an Indian clean fuels technology company, has announced a strategic partnership with Dubai-based SAF One to construct a significant Sustainable Aviation Fuel (SAF) production facility in India. This pioneering project aims to produce between 20 to 30 million liters of SAF annually using lignocellulosic waste feedstock, marking a major step forward in India's commitment to sustainable aviation.

The facility's use of lignocellulosic waste, consisting of residual dry plant matter, aligns with India's broader strategy to mandate a 1-5% SAF blend in aviation fuel starting in 2027. Mainak Chakraborty, CEO and Co-Founder of GPS Renewables emphasized the need for collaborative efforts to tackle the challenges in SAF production and expressed optimism about the partnership with SAF One.

Deepak Munganahalli, Co-Founder and Director of SAF One, highlighted the strategic importance of this project for India's aviation sector, which is poised for significant growth. The collaboration leverages GPS Renewables' expertise in green energy projects and SAF One's specialization in sustainable aviation fuels.

In addition to the SAF initiative, GPS Renewables is active in various biofuel technologies, including Compressed Biogas (CBG), Renewable Natural Gas (RNG), 2G ethanol, and green hydrogen. The company has established over 100 biogas plants, including Asia?s largest RNG plant in Indore, based on Municipal Solid Waste (MSW).

EY served as the exclusive M&A investment banker for GPS Renewables in this transaction, which is set to bolster India's clean energy infrastructure and meet the emerging energy needs of the aviation industry.

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