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 what’s needed by airlines to meet decarbonization goals.
The facility will have capacity to produce 88,000 tons of SAF a year and Indian Oil is seeking to partner with other oil companies on the project, said S.S.V. Ramakumar, director for research and development. Supply agreements with airlines are needed to push ahead with the investment, he added.
