NEW DELHI. Indian Oil Corporation Limited (IndianOil) has approved a plan to form a 50:50 joint venture with M11 Energy Transition Pvt. Ltd. Together, the two companies will build a major plant in Paradip, Odisha, to produce 100 KTPA (kilo-tonnes per annum) of Sustainable Aviation Fuel (SAF). This eco-friendly jet fuel will be made using advanced HEFA technology, which processes waste fats and oils into clean energy.
The entire project is estimated to cost around ₹1,063.60 crore and is currently waiting for final approvals from government bodies like NITI Aayog and DIPAM. This initiative is a big step forward for India’s aviation sector. By producing cleaner fuel locally, the project aims to drastically cut down carbon emissions from airplanes, boost the country’s green energy ecosystem, and strengthen national energy security.
