India has opportunity to become net exporter of sustainable aviation fuel: Boeing executive
India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to
decarbonise aviation
globally, a top
Boeing
executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel.
Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions.
At industry body CII's Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years.
India is one of the world's fastest growing civil aviation markets and Indian airlines have placed orders for more than 1,000 aeroplanes over the past few years.
While mentioning that the country will have a newer and younger aircraft fleet in the coming years that will also help in decarbonisation, Gupte also said it can be looked at how India can play a role in industrialisation of
biofuels for aviation
.
The barrier for SAF is not going to be aeroplane technology or engineering technology but the supply factor and how the fuel can be made more economical, he noted.
Currently, SAF costs 2.5 to 3.5 times more than
Aviation Turbine Fuel
(ATF).
If the world is to reach the net zero goal for aviation by 2050, it needs to have 185 million tonnes of SAF per year. India's feedstock, whether it is used cooking oil, agricultural waste or the like, will be able to make 8-10 million tonnes of SAF per year.
"This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil
aviation industry
," Gupte said and added that turning agricultural waste into SAF will be a tremendous opportunity.
Boeing, a leading aircraft maker, has a significant presence in India.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
25 rare M F Husain paintings to go under hammer after Bombay High Court nod
Twenty five rare paintings of late Indian modernist painter M F Husain, secured by NAFED as part of the proceeds of an alleged loan default case, will be auctioned on June 12 pursuant to a nod from the Bombay High Court . The auction titled, 'M F Husain: An Artist's Vision of the XX Century', includes 25 canvases painted as part of Husain's OPCE - Our Planet Called Earth - series. In its February 17 order, a single bench of Justice R I Chagla permitted the Sheriff of Mumbai to auction the 25 paintings, secured by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) in connection with the Rs 236 crore loan dispute with industrialist Guru Swarup Srivastava's Swarup Group of Industries. Srivastava came into limelight in 2007 when he commissioned 100 paintings of M F Husain at Rs 1 crore each. In May last year, art specialist Dadiba Pundole submitted to the HC the valuation report of the paintings, as per which they were valued at Rs 25 crore. Live Events Pursuant to the HC order, the Sheriff of Mumbai in February issued an auction notice for the paintings through Pundole art gallery. The auction is scheduled on June 12 at the Hamilton House in south Mumbai. After the auction is complete, the Sheriff of Mumbai has been directed to file a report to the high court by July 3 and obtain final directions for handover of the works. In 2006, the CBI initiated a probe into the Swarup Group and against Srivastava for alleged misappropriation of Rs 150 crore from the Rs 236 crore loans from NAFED. A tribunal in December 2008 permitted NAFED to secure assets of Rs 100 crore, including the Husain paintings.
Mint
21 minutes ago
- Mint
Prostarm Info Systems IPO to list on Tuesday; here's what GMP signals ahead of listing
Prostarm Info Systems IPO: The IPO of Prostarm Info Systems, which concluded recently, is set to debut on the Indian stock exchanges on Tuesday, June 03. The issue received a healthy response from all categories of investors during its bidding period between May 27 and May 29, resulting in an overall subscription of 96.68 times. Given the strong demand, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are commanding a healthy GMP of ₹ 22 ahead of listing. Based on the IPO's upper price band of ₹ 105 and the current GMP, the estimated listing price of Prostarm Info Systems stands at ₹ 127 per share, 21% above the issue price. The grey market premium indicates investors' willingness to pay a premium over the IPO price. The mainboard IPO, valued at ₹ 168 crore, is entirely a fresh issue of 1.60 crore shares. According to exchange data, the portion reserved for non-institutional investors was subscribed 222 times, retail investors 39.48 times, and qualified institutional buyers 102 times. The company proposes to utilize the net proceeds from the issue towards funding working capital requirements. Prepayment or repayment of all or a portion of certain outstanding borrowings. To achieve inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes. Prostarm Info Systems, founded in 2008, is a power electronics company specializing in uninterruptible power supply (UPS) systems and energy storage solutions. It primarily caters to mission-critical sectors such as banking, healthcare, telecom, defense, oil and gas, education, and infrastructure. With a product mix ranging from traditional UPS systems to lithium-ion battery packs and solar-powered inverters, Prostarm positions itself as a reliable partner for organizations needing continuous and clean power. The company's mission revolves around delivering technologically advanced, cost-effective power backup and conditioning solutions tailored to India's diverse infrastructure demands. Its revenue from operations increased from ₹ 171.31 crore in Fiscal 2022 to ₹ 257.87 crore in Fiscal 2024, representing a Compounded Annual Growth Rate (CAGR) of 22.69%. Similarly, its profit for the year rose from ₹ 10.87 crore in fiscal 2022 to ₹ 22.83 crore in fiscal 2024, reflecting a CAGR of 44.91%, as per the company's RHP. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
India.com
22 minutes ago
- India.com
China makes shocking move against India, decides to stop supply of…, set to affect India due to….
China has imposed control on rare earth magnets which has created several challenges for Indian automobile companies. Existing stocks are expected to last only until early June, it can create serious problems and disruptions in the vehicle production industry. Indian automobile manufacturers are getting delays in the supply of rare earth magnets. After China's major export regulations there was a delay in shipment for these components. Manufacturers have already warned that if supplies do not go normal then it can impact vehicle production. According to a media report, to address this issue, a delegation from the Society of Indian Automobile Manufacturers (SIAM) and the Automotive Component Manufacturers Association (ACMA) is preparing to travel to China to talk with Chinese officials. The Indian government is also trying to resolve the matter diplomatically. Neodymium-iron-boron (NdFeB) magnets are important for electric and conventional vehicles. These magnets are used in systems of motors and steering, brakes, wipers, and audio equipment. Even a minor shortage of these magnets affects assembly lines. China's Hold On Earth Magnets 90% of the world's rare earth magnets are produced by China. China asked exporters to take government licenses and detailed end-use certificates from buyers before shipping. Due to these new rules the approval process has slowed down. According to the Economic Times , many consignments for India are stuck at Chinese ports after this rule. However many European companies could get export approvals, but Indian goods are stuck in the country. India imported 460 tons of rare earth magnets from China in the last fiscal year. Now India does not have any other option which can support countries' production lines.
