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Praj Industries - Charging Biofuel Economy Beyond Ethanol
Date: 27 Sep 2023
Source: Equity Master3
Reporter:
News ID: 57002
Pdf:
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              Dear Viewers

Recently, something interesting has happened in the aviation space.

The country flew its first commercial flight from Pune to New Delhi. It was powered by Sustainable Aviation Fuel, or SAF blended Aviation turbine jet fuel.

You see, as India becomes signatory to CORSIA - or Carbon Offsetting and Reduction Scheme for International Aviation. It calls for compulsory blending of SAF from 2027.

Even at just 1% blending of SAF, the requirement for SAF will be 14 crores litres.

Now SAF is a second stage fuel, and it is produced from ethanol. This itself would create an additional requirement of 28 crore liters per annum of ethanol.

So why is this interesting and relevant for an investing related video.

That's because today I'm going to talk about a specific company in the biofuel economy that has enabled these feat and could be a big beneficiary of this mandate.

 
  

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