Latest news with #A.S.Sahney
News18
an hour ago
- Business
- News18
IndianOil, Air India Sign MoU To Supply Sustainable Aviation Fuel, Check Details
Last Updated: The agreement underscores the shared commitment of both companies to support global decarbonization efforts and accelerate the transition toward cleaner air transport. Indian Oil Corporation Limited and Air India on Monday signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking a step toward reducing carbon emissions in India's aviation sector. As per a press release by IndianOil, the MoU was signed by Shailesh Dhar, executive director (Aviation) at IndianOil, and P. Balaji, group head – governance, regulatory, compliance (GRC) and corporate affairs at Air India, in the presence of A. S. Sahney, chairman of IndianOil, and Campbell Wilson, CEO of Air India. The agreement underscores the shared commitment of both companies to support global decarbonization efforts and accelerate the transition toward cleaner air transport. Highlighting the significance of the agreement, A. S. Sahney said, 'The signing of this MoU with Air India represents a strategic step in India's transition to sustainable aviation. With our ISCC-CORSIA-certified SAF from Panipat, IndianOil is ready to provide a sustainable fuel solution that will help decarbonize air travel. Partnering with India's flagship carrier, we are aligning national growth with global climate goals and setting a benchmark for the industry." This development builds upon IndianOil's milestone achievement of becoming the first Indian company to receive ISCC CORSIA certification for SAF production at its Panipat Refinery. The certification, granted under the International Civil Aviation Organization's (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), confirms IndianOil's ability to produce SAF that complies with stringent global standards on sustainability and lifecycle carbon emissions. Air India's CEO and MD, Campbell Wilson, noted that the airline's collaboration with IndianOil is part of its broader sustainability agenda. 'Through this MoU with IndianOil, Air India is committed to support the Government of India's initiatives to promote sustainable development in the aviation sector and to further its own sustainability goals to achieve the IATA Net Zero by 2050 target," Wilson said. By integrating certified green fuels into commercial operations, the partnership aims to ensure a reliable and transparent SAF supply chain that not only meets but potentially exceeds CORSIA targets for international flights. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
The Hindu
a day ago
- Business
- The Hindu
Indian Oil, Air India ink MoU on sustainable aviation fuel supply
Days after it became the first company in the country to receive ISCC CORSIA certification for sustainable aviation fuel production at its Panipat refinery, State-owned oil refiner and marketeer Indian Oil Corporation has entered into an MoU with Air India for supply of SAF. The MoU outlines a shared commitment to promote adoption of low-carbon fuels in aviation, support global decarbonisation goals and contribute to the transition toward more sustainable air transport operations, IOC said. 'With our ISCC CORSIA-certified SAF from Panipat, Indian Oil is ready to provide a sustainable fuel solution that will help decarbonise air travel. Partnering with India's flagship carrier, we are aligning national growth with global climate goals and setting a benchmark for the industry, IOC Chairman said. IOC ED-Aviation Shailesh Dhar and Air India's Group Head-Governance, Regulatory, Compliance and Corporate Affairs P. Balaji signed the MoU in the presence of and Air India CEO Campbell Wilson. said 'Through this MoU with Indian Oil, Air India is committed to support the government of India's initiatives to promote sustainable development in the aviation sector and to further its own sustainability goals to achieve the IATA Net Zero by 2050 target.' Indian Oil and Air India, through the MoU, aim to collaborate on the supply of SAF to meet CORSIA targets and even exceed them for international flights, ensuring a reliable, transparent, and sustainable fuel supply to support both companies' environmental goals, IOC said in a release. Following the ISCC CORSIA certification, the oil company said a prerequisite for commercial SAF production, the certification represents a significant advancement in India's capability for the production, certification and distribution of SAF.
News18
a day ago
- Business
- News18
IndianOil, Air India sign MoU to supply sustainable aviation fuel
New Delhi [India], August 19 (ANI): Indian Oil Corporation Limited and Air India on Monday signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking a step toward reducing carbon emissions in India's aviation sector. As per a press release by IndianOil, the MoU was signed by Shailesh Dhar, executive director (Aviation) at IndianOil, and P. Balaji, group head – governance, regulatory, compliance (GRC) and corporate affairs at Air India, in the presence of A. S. Sahney, chairman of IndianOil, and Campbell Wilson, CEO of Air agreement underscores the shared commitment of both companies to support global decarbonization efforts and accelerate the transition toward cleaner air transport. Highlighting the significance of the agreement, A. S. Sahney said, 'The signing of this MoU with Air India represents a strategic step in India's transition to sustainable aviation. With our ISCC-CORSIA-certified SAF from Panipat, IndianOil is ready to provide a sustainable fuel solution that will help decarbonize air travel. Partnering with India's flagship carrier, we are aligning national growth with global climate goals and setting a benchmark for the industry."This development builds upon IndianOil's milestone achievement of becoming the first Indian company to receive ISCC CORSIA certification for SAF production at its Panipat Refinery. The certification, granted under the International Civil Aviation Organization's (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), confirms IndianOil's ability to produce SAF that complies with stringent global standards on sustainability and lifecycle carbon India's CEO and MD, Campbell Wilson, noted that the airline's collaboration with IndianOil is part of its broader sustainability agenda. 'Through this MoU with IndianOil, Air India is committed to support the Government of India's initiatives to promote sustainable development in the aviation sector and to further its own sustainability goals to achieve the IATA Net Zero by 2050 target," Wilson integrating certified green fuels into commercial operations, the partnership aims to ensure a reliable and transparent SAF supply chain that not only meets but potentially exceeds CORSIA targets for international flights. (ANI)
Time of India
3 days ago
- Business
- Time of India
Indian Oil to start SAF production in December
New Delhi: Indian Oil Corporation , the country's largest refiner, will begin producing sustainable aviation fuel ( SAF ) in December, said chairman A. S. Sahney. The company's SAF production unit, located alongside its refinery in Panipat, Haryana, will have an annual capacity of 35,000 tonnes. This output will be enough to meet the entire SAF blending requirement for international airlines in India by 2027, Sahney said. India has adopted a phased approach to SAF, starting with a mandate for 1% blending in jet fuel for international flights by 2027, rising to 2% by 2028. SAF will cost nearly three times more than conventional aviation turbine fuel (ATF) , but finding buyers will not be an issue, Sahney said, as airlines must comply with the blending mandate. If the Panipat facility's output is not fully absorbed domestically, Indian Oil will explore exports, he added. Used cooking oil (UCO) will serve as the feedstock for SAF production. 'Arranging feedstock is not a challenge. There is ample collection of UCO in the country, most of which is currently exported,' Sahney said. Indian Oil plans to tap into the existing UCO aggregation network, which sources oil mainly from large hotels, restaurant chains, and traditional snack makers. The Panipat unit has also obtained ISCC CORSIA certification —a prerequisite for commercial SAF production. Indian Oil is currently the only company in India to hold this certification for producing SAF from used cooking oil, valid for the next one year, Sahney said.
Time of India
3 days ago
- Business
- Time of India
Indian Oil to start SAF production in December
New Delhi: Indian Oil Corporation , the country's largest refiner, will begin producing sustainable aviation fuel ( SAF ) in December, said chairman A. S. Sahney. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency The company's SAF production unit, located alongside its refinery in Panipat, Haryana, will have an annual capacity of 35,000 tonnes. This output will be enough to meet the entire SAF blending requirement for international airlines in India by 2027, Sahney said. India has adopted a phased approach to SAF, starting with a mandate for 1% blending in jet fuel for international flights by 2027, rising to 2% by 2028. SAF will cost nearly three times more than conventional aviation turbine fuel (ATF), but finding buyers will not be an issue, Sahney said, as airlines must comply with the blending mandate. If the Panipat facility's output is not fully absorbed domestically, Indian Oil will explore exports, he added. Used cooking oil (UCO) will serve as the feedstock for SAF production. 'Arranging feedstock is not a challenge. There is ample collection of UCO in the country, most of which is currently exported,' Sahney said. Indian Oil plans to tap into the existing UCO aggregation network, which sources oil mainly from large hotels, restaurant chains, and traditional snack makers. The Panipat unit has also obtained ISCC CORSIA certification—a prerequisite for commercial SAF production. Indian Oil is currently the only company in India to hold this certification for producing SAF from used cooking oil, valid for the next one year, Sahney said.
