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Business Upturn
6 days ago
- Business
- Business Upturn
Praj, IATA, and ISMA Join Forces to Advance SAF Carbon Assessment and Certification in India
Pune, Maharashtra, India: India is taking decisive steps toward decarbonizing its aviation sector, with a SAF blending mandate targeting 1% by 2027 and 2% by 2028. In line with this national goal, Praj Industries, International Air Transport Association (IATA), and Indian Sugar & Bio-energy Manufacturers Association (ISMA) have signed a strategic Memorandum of Understanding (MoU) to drive the certification and adoption of Sustainable Aviation Fuel (SAF) in the country. The partnership will focus on conducting a comprehensive Life Cycle Assessment (LCA) of SAF derived from Indian sugarcane feedstock via the Ethanol-to-Jet (ETJ) pathway—a critical milestone in demonstrating the environmental and economic viability of indigenous SAF solutions. The MoU underscores the participants' shared commitment to sustainability and to reducing emissions in aviation—one of the world's most challenging sectors to decarbonize. Through this partnership, Praj, IATA, and ISMA aim to determine an accurate Carbon Intensity (CI) number for SAF produced using Indian sugarcane. CI measures the amount of greenhouse gas emissions produced per unit of energy generated (usually expressed in gCO₂e/MJ). This key metric for SAF determines how much cleaner the fuel is compared to conventional jet fuel. As part of the collaboration, the three participants will also work together to define and recommend a certification methodology suited to the Indian context. This framework will align with internationally recognized sustainability and emissions reduction standards, specifically the International Sustainability and Carbon Certification (ISCC) CORSIA and the Roundtable on Sustainable Biomaterials (RSB) CORSIA standard. 'India has immense potential to become a key player in sustainable aviation fuel. This collaboration leverages scientific rigor and global frameworks to ensure our SAF solutions meet the highest standards,' asserted Dr. Pramod Chaudhari, Founder Chairman of Praj Industries. Praj Industries has been actively advancing the development and commercialization of Sustainable Aviation Fuel (SAF) in India. In collaboration with Indian Oil Corporation Ltd. (IOCL) and AirAsia India, Praj successfully produced SAF from indigenous feedstock, showcasing its readiness for commercial deployment. Further strengthening its position, Praj's R&D facility, Praj Matrix, in Pune houses India's first integrated Sustainable Aviation Fuel (SAF) demonstration plant. 'Measurements and certifications are key building blocks in any market. Developing the SAF market in India will be accelerated and its global acceptance will be facilitated by progress in these areas that is tailored to Indian conditions. Through this MoU, we aim to ensure that SAF from India can contribute to the height of its full potential to global decarbonization goals,' said Marie Owens Thomsen, IATA SVP Sustainability and Chief Economist. 'India's record success globally via GOI's Ethanol Blending Programme has showcased the sugar industry's immense potential, and one of the best possible demonstrations of our capacity will be to become the single largest supplier of one of Asia's lowest carbon-intensive NextGen biofuels like SAF—ensuring a truly just energy transition,' said Deepak Ballani, Director General of ISMA. This landmark collaboration highlights India's commitment to pioneering sustainable aviation and lays a strong foundation for a low-carbon future, driving innovation and environmental stewardship in the global aviation sector. At the 81st IATA AGM, PM Shri. Narendra Modi highlighted India's push for Sustainable Aviation Fuel (SAF) to reduce emissions and promote green growth. He urged global collaboration and emphasized India's commitment to eco-friendly aviation infrastructure. In the photograph from left to right: Mr. Roshan Lal Tamak, Executive Director & CEO – Sugar Business DCM Shriram Ltd. (designated ISMA representative); Ms. Marie Owens Thomsen, SVP Sustainability and Chief Economist, IATA, and Mr. Atul Mulay, President – Bioenergy, Praj Industries. About Praj Industries Limited Advertisement Praj, India's most accomplished industrial biotech company, is driven by innovation, integration, and delivery capabilities. Over the past four decades, Praj has focused on environment, energy, and agri‐process industry, with more than 1000 customer references spanning more than 100 countries across six continents. Bio‐Mobility® and Bio‐Prism® are the mainstays of Praj's contribution to the global Bioeconomy. The Bio‐Mobility® platform offers technology solutions globally to produce the renewable transportation fuel, thus ensuring sustainable decarbonization through a circular bioeconomy. The Company's Bio‐Prism® portfolio comprises technologies to produce renewable chemicals and materials, promises sustainability while reimagining nature. Praj Matrix, the state‐of‐the‐art R&D facility, forms the backbone for the company's endeavours towards a clean energy‐based Bioeconomy. Praj's diverse portfolio comprises Bio‐energy solutions, Critical process equipment & skids, Breweries, Zero liquid discharge systems and High purity water systems. Led by accomplished and caring leadership, Praj is a socially responsible corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of India. Click here for Media Contact Details Priyanka Watane (Chief Manager, Corporate Communications), Praj Industries, [email protected], +91-2066754000 Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Business Standard
03-06-2025
- Business
- Business Standard
Praj Industries collaborates with IATA and ISMA
To advance SAF carbon assessment and certification in India India is taking decisive steps toward decarbonizing its aviation sector, with a SAF blending mandate targeting 1% by 2027 and 2% by 2028. In line with this national goal, Praj Industries, International Air Transport Association (IATA), and Indian Sugar & Bio-energy Manufacturers Association (ISMA) have signed a strategic Memorandum of Understanding (MoU) to drive the certification and adoption of Sustainable Aviation Fuel (SAF) in the country. The partnership will focus on conducting a comprehensive Life Cycle Assessment (LCA) of SAF derived from Indian sugarcane feedstock via the Ethanol to-Jet (ETJ) pathwaya critical milestone in demonstrating the environmental and economic viability of indigenous SAF solutions. The MoU underscores the participants' shared commitment to sustainability and to reducing emissions in aviationone of the world's most challenging sectors to decarbonize. Through this partnership, Praj, IATA, and ISMA aim to determine an accurate Carbon Intensity (CI) number for SAF produced using Indian sugarcane. CI measures the amount of greenhouse gas emissions produced per unit of energy generated (usually expressed in gCO₂e/MJ). This key metric for SAF determines how much cleaner the fuel is compared to conventional jet fuel. As part of the collaboration, the three participants will also work together to define and recommend a certification methodology suited to the Indian context. This framework will align with internationally recognized sustainability and emissions reduction standards, specifically the International Sustainability and Carbon Certification (ISCC) CORSIA and the Roundtable on Sustainable Biomaterials (RSB) CORSIA standard.
Yahoo
17-03-2025
- Business
- Yahoo
Honeywell International (NasdaqGS:HON) Partners With Taiyo Oil For Sustainable Aviation Fuel Expansion In Japan
Honeywell International recently announced a partnership with Taiyo Oil Co. Ltd. for the production of sustainable aviation fuel (SAF) in Japan using its UOP Ethanol to Jet (ETJ) technology. This significant development aligns with global environmental goals and may have supported Honeywell's 4% share price increase over the past month. Additionally, the company declared a quarterly dividend of $1.13 per share and continued its share buyback program, which could also have positively impacted investor sentiment. Despite the broader market facing declines, with the Dow Jones and Nasdaq down 1% and 3%, respectively, Honeywell's strategic moves towards sustainability seem to have bolstered its share price. Furthermore, Honeywell's buyback strategy and the anticipated commencement of the Okinawa facility in 2029 reflect proactive steps in navigating current market uncertainties and future growth. See the full analysis report here for a deeper understanding of Honeywell International. Over the past five years, Honeywell International (NasdaqGS:HON) has achieved a total shareholder return of 75.86%. This performance occurred amid diverse market conditions and strategic endeavors. In 2021, Honeywell's focus on innovative technologies, like the 1-Megawatt generator for hybrid-electric aircraft, underpinned its growth initiatives, alongside a $476 million contract to supply T55 engines for the U.S. Army. Additionally, the February 2021 announcement of a $10 billion share buyback program highlighted commitments to shareholder value. Further bolstering financial performance, Honeywell expanded into cybersecurity via a reseller agreement in early 2025, indicating a proactive approach toward enhanced technological integration. The announcement to separate its Automation and Aerospace Technologies businesses by 2026, supported by Elliott Investment Management, suggests a forward-looking approach to value creation. Despite facing challenges, such as underperforming against the US Industrials industry in the past year, Honeywell's strategic adaptations in diverse sectors have influenced its robust long-term return. Unlock the insights behind Honeywell International's valuation and discover its true investment potential Analyze the downside risks for Honeywell International and understand their potential impact—click to learn more. Already own Honeywell International? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:HON. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
