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
Infrastructure Energy

Oil Prices Rise Amid Iran-Israel Tensions Despite Record U.S. Output

Oil prices increased due to reports that Iran was preparing a retaliatory strike on Israel from Iraq, although record output from the United States tempered these gains. Brent crude futures rose by 29 cents, or 0.4%, to settle at $73.10 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 23 cents, or 0.3%, closing at $69.49. Both benchmarks had reached session highs of over $2 a barrel earlier in the day. Analyst Ole Hvalbye from SEB Research commented that any Iranian response might be restrained, similar to Israel's limited strike from the previous weekend, suggesting that such a..

Next Story
Infrastructure Urban

South and Southeast Asia to Invest Over $20 Billion in EV Development

A recent report by S&P Global Ratings projects that South and Southeast Asia will invest over $20 billion in electric vehicle (EV) development in the coming years, with India poised to attract significant EV-related investments. The report highlights India's vast market potential as a key driver for this growth. According to the report, the Tata and JSW groups are expected to invest over $30 billion in EVs and EV materials over the next decade, with approximately $10 billion allocated specifically for projects in South and Southeast Asia. The adoption of electric vehicles in India is anticip..

Next Story
Infrastructure Urban

India and Saudi Arabia Explore Collaboration in Emerging Sectors

India and Saudi Arabia are exploring partnerships in emerging fields such as fintech, new technologies, energy efficiency, clean hydrogen, textiles, and mining to strengthen trade and investment ties, an official statement revealed on Friday. The discussions took place during Commerce and Industry Minister Piyush Goyal's visit to Riyadh, where he co-chaired the second meeting of the Economy and Investment Committee under the India-Saudi Strategic Partnership Council (SPC) with Saudi Energy Minister Abdulaziz bin Salman Al-Saud on October 30. These sectors were identified as high-potential are..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000