2 days ago
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.
