Latest news with #ISMA
Business Upturn
4 days ago
- Business
- Business Upturn
Praj Industries partners with IATA and ISMA to develop India-specific carbon certification for SAF
By Aditya Bhagchandani Published on June 4, 2025, 09:34 IST Praj Industries has signed a strategic Memorandum of Understanding (MoU) with the International Air Transport Association (IATA) and the Indian Sugar & Bio-energy Manufacturers Association (ISMA) to advance carbon assessment and certification for Sustainable Aviation Fuel (SAF) in India. This tripartite partnership aims to conduct a Life Cycle Assessment (LCA) of sugarcane-derived SAF via the Ethanol-to-Jet (ETJ) pathway, aligning it with global sustainability benchmarks like ISCC and RSB CORSIA. The collaboration marks a major milestone toward India's goal of achieving a 1% SAF blending mandate by 2027 and 2% by 2028. The agreement will determine the carbon intensity of domestically produced SAF and develop certification standards tailored for India. Praj Industries, a pioneer in India's bio-economy space, already operates India's first integrated SAF demo plant and has produced SAF in partnership with Indian Oil and AirAsia India. This initiative aligns with the government's vision of green aviation infrastructure, highlighted by Prime Minister Modi during the 81st IATA AGM. Commenting on the partnership, Dr. Pramod Chaudhari, Founder Chairman of Praj Industries, stated that the MoU ensures India's SAF development meets the highest global standards. ISMA's Director General added that this is a demonstration of India's sugar industry's potential to become a leading SAF supplier in Asia. This effort underscores India's growing role in sustainable aviation and supports global decarbonization goals through indigenous innovation and certification frameworks. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
5 days ago
- 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.
Times of Oman
16-05-2025
- Business
- Times of Oman
India to close 2024-25 sugar season with comfortable stock of 52-53 lakh tonnes: ISMA
New Delhi: India will close the current sugar marketing season with a closing stock of around 52-53 lakh tonnes, believed to be a comfortable buffer, and it will ensure that the country has a sufficient supply to meet its demand, Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said on Friday. Sugar marketing season in India runs from October to September. The 2024-25 season commenced with an opening stock of 80 lakh tonnes. Considering the projected domestic consumption of 280 lakh tonnes and export estimates of upto 9 lakh tonnes, the closing stock is likely to be around 52-53 lakh tonnes, according to the industry body ISMA. The 2024-25 sugar season is projected to conclude with a net sugar production of approximately 261 to 262 lakh tonnes. This includes 257.44 lakh tonnes produced up to mid-May, along with an estimated 4 to 5 lakh tonnes anticipated from the special crushing season in Tamil Nadu and Karnataka. As per the supplies upto April 30, 2025, approximately 27 lakh tonnes of sugar have been diverted for ethanol production during the current season. An additional 6 to 7 lakh tonnes are expected to be diverted over the remaining season, the industry body said. The industry body has painted an optimistic outlook for the 2025-26 sugar season. "The 2025-26 sugar season is shaping up to be promising, buoyed by several positive developments across key sugar-producing regions," the industry body said on Friday. In the southern states, particularly Maharashtra and Karnataka, sugarcane planting has shown significant improvement, thanks to a favourable southwest monsoon in 2024. "Supported by a strong cane availability, the stage is set for a timely start to the crushing season in October 2025," it said. Adding to this positive momentum are climate forecasts from both the India Meteorological Department (IMD), which predict a normal southwest monsoon in 2025. "This bodes well for crop health and production, strengthening confidence in a robust and productive sugar season ahead," said the industry body. In its pre-monsoon forecast in 2024, India Meteorological Department (IMD) predicted rainfall across the country to be above normal, at 106 per cent of the long-period average. The monsoons are a key indicator that helps analysts gauge the economic outlook of the country's manufacturing and agricultural sectors.
Time of India
07-05-2025
- Business
- Time of India
Carry-forward stock likely to keep sugar price stable, says ISMA DG
Pune: Director general of Indian Sugar and Bio-energy Manufacturers Association (ISMA) Deepak Ballani said the sugar price might remain stable despite a decline in production because of surplus carry-forward stocks .The sugar millers' association anticipates the sugar production to drop to 264 lakh tonnes in the 2024-25 cycle (Oct to Sept). India's sugar output during the previous cycle was 299 lakh tonnes. Factoring in the diversion of sugar towards ethanol production, the decline in sugar production would be around 20 lakh tonnes, Ballani told lower sugar production could be attributed to damage to crops because of unseasonal rainfall in Maharashtra and red rot in Uttar Pradesh, he said. India was well placed with carry-forward stocks despite a drop in production, he said. This would support domestic consumption until the new production hits the market."Sugar production was enough to meet domestic consumption and exports in addition to ethanol production. This year, the govt has allowed 10 lakh tonnes of exports, of which Maharashtra's share is around 3.5 lakh tonnes," Ballani had 80-90 lakh tonnes of export quota for 2023-24. By September-end, stocks are expected to be 80 lakh tonnes. This led to higher carry-forward stocks to cater to domestic consumption for two months to address the gap between the new sugar coming in. Typically, 45-50 lakh tonnes were enough to meet consumers' demand for two months, Ballani expects the sugarcane production to pick up in the 2025-26 season in Maharashtra and said ISMA was lobbying with the govt to establish a linkage between Fair and Remunerative Price (FRP), and sugar and ethanol prices to make the sugar price more competitive."Every time the FRP is increased, there should be a corresponding revision in sugar and ethanol prices. The minimum selling price for sugar is Rs31 per kg. It has not been revised since 2019. The ex-mill price decreases to Rs30-33 in Maharashtra and Rs36 in Uttar Pradesh because of surplus stock at the start of the season. It is much below the production cost. The average cost of production is Rs41 per kg," Ballani said.
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Business Standard
30-04-2025
- Business
- Business Standard
Centre hikes sugarcane FRP by Rs 15 per quintal for 2025-26 season
The Union Cabinet Committee on Economic Affairs today hiked the Fair and Remunerative Price (FRP) of sugarcane for the 2025-26 season, which will start from October, by Rs 15 per quintal to Rs 355. This is 4.2 per cent more than the FRP for the 2024-25 sugar season, which will conclude in September. The FRP is linked to a basic recovery of 10.25 per cent. A premium of Rs 3.46 per quintal will be provided for every 0.1 percentage point increase in recovery over and above 10.25 per cent. A reduction in FRP by Rs 3.46 per quintal will be applicable for every 0.1 per cent decrease in recovery from the basic rate. But to protect the interest of those sugarcane farmers who are growing older varieties of cane, the government has also decided that there shall not be any deduction in the case of sugar mills where recovery is below 9.5 per cent. Such farmers will get an FRP of Rs 329.05 per quintal for sugarcane in the ensuing sugar season 2025-26. As per the Sugarcane (Control) Order of 1966, FRP is the minimum price that sugar mills have to pay to sugarcane farmers. Recovery rate is the amount of sugar that sugarcane fetches — the higher the quantum of sugar derived from sugarcane, the greater the price it fetches in the market. Big sugarcane-producing states such as Uttar Pradesh, Punjab, and Haryana fix their own sugarcane price, called 'state advisory prices' (SAPs), which is higher than the Centre's FRP. Meanwhile, welcoming the Centre's decision, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA), in a statement issued today, said that the revised FRP is projected to enhance the earnings of approximately 5.5 crore sugarcane farmers by over Rs 20,000 crore, taking the total to around Rs 1.2 trillion in the upcoming sugar season. "This decision will not only support farmer livelihoods but also strengthen the overall agricultural economy, particularly in rural regions where sugarcane farming forms a major source of income," ISMA said. It also requested the Centre to align the Minimum Selling Price (MSP) of sugar and ethanol procurement prices with the revised FRP of sugarcane. Such alignment is essential to maintain financial sustainability across the value chain — from farmers to sugar mills, ISMA said. Sugar MSP has not been revised since 2019.
