Hardeep Singh Puri inaugurates Praj's SAF facility
ECONOMY & POLICY

Hardeep Singh Puri inaugurates Praj's SAF facility

Union Minister Hardeep Singh Puri inaugurated Praj's Sustainable Aviation Fuel (SAF) demonstration facility at its R&D centre in Pune on January 20, 2024. Praj has developed a proprietary technology to process agricultural feedstocks for the production of SAF that can be blended with Aviation Turbine Fuel (ATF).

The hard to abate Aviation Industry is one of the largest consumers of fossil fuels and also an emitter of greenhouse gases (GHG). According to the India Brand Equity Foundation 2023 report, the government has set a target to operationalise 1000 UDAN routes and to revive 100 airports by 2024. Thus, India is the third largest and fastest-growing civil aviation market in the World. The low carbon SAF has a significant role in helping India achieve its net zero goal targets by 2070.

During the inauguration ceremony, Hardeep Singh Puri, Hon. Minister of Petroleum & Natural Gas and Housing & Urban Affairs said, This facility demonstrating indigenously developed technology for production of SAF is a testament to India's rising prowess in the Global Bioeconomy. Utilization of Captive Agri-Resources for the production of Biofuels such as SAF is aligned with the government's goals towards Atma Nirbhar Bharat and will go a long way in helping India achieve its energy self-reliance by 2047. I compliment the visionary leadership of Dr. Pramod Chaudhari and Team Praj for this exciting development.

Speaking on the occasion, Dr. Pramod Chaudhari, Executive Chairman, Praj Industries said, Inauguration of SAF demonstration facility is yet another milestone in Praj's pursuit of energy transition through Bioeconomy. Recently, we collaborated with IOCL and AirAsia India to successfully fly India's first commercial passenger flight with 1% SAF produced at our bench scale setup that was blended with ATF. We truly believe in India's potential to be a hub for supplying SAF for the Global Aviation Industry and we stand committed to helping build SAF production capacities. We thank Hon. Minister Shri. Hardeep Singh Puri ji for his continued guidance and encouragement.

It may be noted that around 3 per cent of all GHG emissions worldwide are currently attributable to aviation. Unless controlled, otherwise the emissions may zoom to as much as 22 per cent of global greenhouse gas emissions. The International Civil Aviation Organization (ICAO) has pledged to achieve net-zero emissions from the aviation sector by 2050. Harnessing Sustainable Aviation Fuels is regarded as the most promising pathway for helping achieve this target.

Union Minister Hardeep Singh Puri inaugurated Praj's Sustainable Aviation Fuel (SAF) demonstration facility at its R&D centre in Pune on January 20, 2024. Praj has developed a proprietary technology to process agricultural feedstocks for the production of SAF that can be blended with Aviation Turbine Fuel (ATF). The hard to abate Aviation Industry is one of the largest consumers of fossil fuels and also an emitter of greenhouse gases (GHG). According to the India Brand Equity Foundation 2023 report, the government has set a target to operationalise 1000 UDAN routes and to revive 100 airports by 2024. Thus, India is the third largest and fastest-growing civil aviation market in the World. The low carbon SAF has a significant role in helping India achieve its net zero goal targets by 2070. During the inauguration ceremony, Hardeep Singh Puri, Hon. Minister of Petroleum & Natural Gas and Housing & Urban Affairs said, This facility demonstrating indigenously developed technology for production of SAF is a testament to India's rising prowess in the Global Bioeconomy. Utilization of Captive Agri-Resources for the production of Biofuels such as SAF is aligned with the government's goals towards Atma Nirbhar Bharat and will go a long way in helping India achieve its energy self-reliance by 2047. I compliment the visionary leadership of Dr. Pramod Chaudhari and Team Praj for this exciting development. Speaking on the occasion, Dr. Pramod Chaudhari, Executive Chairman, Praj Industries said, Inauguration of SAF demonstration facility is yet another milestone in Praj's pursuit of energy transition through Bioeconomy. Recently, we collaborated with IOCL and AirAsia India to successfully fly India's first commercial passenger flight with 1% SAF produced at our bench scale setup that was blended with ATF. We truly believe in India's potential to be a hub for supplying SAF for the Global Aviation Industry and we stand committed to helping build SAF production capacities. We thank Hon. Minister Shri. Hardeep Singh Puri ji for his continued guidance and encouragement. It may be noted that around 3 per cent of all GHG emissions worldwide are currently attributable to aviation. Unless controlled, otherwise the emissions may zoom to as much as 22 per cent of global greenhouse gas emissions. The International Civil Aviation Organization (ICAO) has pledged to achieve net-zero emissions from the aviation sector by 2050. Harnessing Sustainable Aviation Fuels is regarded as the most promising pathway for helping achieve this target.

Next Story
Real Estate

Mahagun Group Secures Rs 2.25 Billion Funding

Mahagun Group has secured Rs 2.25 billion in funding from CSL Finance Limited, reinforcing its financial position and giving added momentum to project execution across its portfolio.The development comes after the Group recently completed the closure of Rs 6.5 billion debt for its Mahagun Medalleo project. It repaid Rs 3.1 billion in principal and around Rs 3.4 billion in interest, reflecting a disciplined financial approach and a consistent record of meeting obligations.The Group said its financial position is supported by strong internal accruals, healthy collections, and a robust base of so..

Next Story
Real Estate

Mahagun Group Secures Rs 2.25 Billion Funding

Mahagun Group has secured Rs 2.25 billion in funding from CSL Finance Limited, reinforcing its financial position and giving added momentum to project execution across its portfolio.The development comes after the Group recently completed the closure of Rs 6.5 billion debt for its Mahagun Medalleo project. It repaid Rs 3.1 billion in principal and around Rs 3.4 billion in interest, reflecting a disciplined financial approach and a consistent record of meeting obligations.The Group said its financial position is supported by strong internal accruals, healthy collections, and a robust base of so..

Next Story
Real Estate

Danube Launches Greenz Master Community in Dubai

Danube Properties has recently launched Greenz by Danube, its first large-scale integrated community featuring premium villas and townhouses, marking its expansion into master-planned developments. Located in Dubai International Academic City near Dubai Silicon Oasis, the project sits within a high-growth corridor housing over 100,000 residents. The area is set to benefit from the upcoming District IO technology hub aligned with the vision of Sheikh Mohammed bin Rashid Al Maktoum. The development will offer three- and four-bedroom townhouses, along with five-bedroom semi-detached ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement