NOVEMBER 20258INDIA TO LAUNCH SUSTAINABLE AVIATION FUEL POLICY SOONMITSUBISHI PARTNERS WITH KIS GROUP IN GLOBAL BIOGAS ENTRYIndia is set to unveil a Sustainable Aviation Fuel (SAF) Policy aimed at fostering cleaner air travel and minimizing the carbon footprint of the aviation sector, as announced by Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Thursday.During his address at the India Sustainable Aviation Fuel Summit, which was organized by FICCI in partnership with the Ministry of Civil Aviation, the minister stated that Mitsubishi Corporation of Japan has entered the worldwide biogas market by acquiring a minority interest in KIS Group's Indonesian operations.According to a news release, KIS Group, which was established by K R Raghunath in 2006, intends to invest over $1 billion in biofuel and renewable gas projects in Southeast Asia and India by 2030.In the statement, KS Group said, "Mitsubishi Corporation, one of Japan's largest global integrated the government is nearing the completion of the policy draft, which will provide explicit guidelines for the utilization and production of SAF in India."The Ministry is drafting the SAF Policy and will release it soon. As an agricultural powerhouse with over 750 million tonnes of biomass, India has the potential to become a global leader in SAF production," Kinjarapu said. Moreover, widespread adoption of SAF could help India reduce crude oil imports by $5.7 billion annually and create up to one million green jobs.Emphasizing the advantages for the environment, he pointed out that sustainable aviation fuel has the potential to decrease carbon dioxide emissions by as much as 80 percent in comparison to traditional jet fuels."The aviation industry stands at a crossroads between rapid growth and climate concerns. The solution lies in sustainable aviation fuel," the minister said. Kinjarapu pointed out that India's aviation turbine fuel (ATF) consumption is projected to reach 15­16 million tonnes by 2030 and 30­31 million tonnes.In addition, 2040, calling for urgent action to make flying greener. India's aviation sector, one of the fastest-growing in the world, continues to expand at an annual rate of 6.7 percent, driven by strong passenger demand. business enterprises, has acquired a minority equity stake in its Indonesia operations. This investment marks Mitsubishi Corporation's first entry into the global biogas market." Without giving financial details as well as the percentage of stake acquired, KIS said that with Mitsubishi's backing, it aims to expand to North and South America and Europe within five years.Using Mitsubishi's global network spanning more than 90 countries, the cooperation will concentrate on co-developing and commercializing innovative biogas, BioCNG, and BioLNG technologies. The partnership is anticipated to improve the environmental governance, supply chain robustness, and operational efficiency of KIS Group. KIS Group has long-term supply agreements with Unilever and Shell, as well as partnerships with businesses including Toyota, Godrej, Sinarmas, Banas Dairy, and Maruti Suzuki. It has carried out biomethane and renewable gas projects in eleven countries."The fact that Mitsubishi has chosen to enter the biogas and biofuels market for the first time through us is a huge vote of confidence in our technology and execution capability," Raghunath said. TOP STORIESTOP STORIESTOP STORIES
< Page 7 | Page 9 >