New Delhi: GPS Renewables, an Indian technology and engineering company specializing in clean fuels, has announced a partnership with Dubai-based SAF One, a developer of sustainable aviation fuel solutions, to build a facility in India that will produce between 20 to 30 million liters of Sustainable Aviation Fuel (SAF) annually.
The facility will utilize lignocellulosic waste feedstock, which consists of residual dry plant matter, to produce the fuel. This initiative is part of India’s broader strategy to introduce mandatory SAF blending in aviation fuel, starting with a 1-5% blend in 2027.
“As India moves towards mandating 1-5% blended usage of SAF starting in 2027, we need more collaborative efforts to address the challenges associated with the production of Sustainable Aviation Fuel,” said Mainak Chakraborty, CEO and Co-Founder, GPS Renewables. “This collaboration with SAF One is a step in that direction. We look forward to a fruitful partnership to accelerate the production of SAF and help India become a leader in Sustainable Aviation Fuel,” Chakraborty added.
In addition to the SAF project, GPS Renewables has been active in other areas of biofuel technology and project development, including Compressed Biogas (CBG), Renewable Natural Gas (RNG), 2G ethanol, and green hydrogen. The company has established over 100 biogas plants, including Asia’s largest RNG plant based on Municipal Solid Waste (MSW) in Indore.
Deepak Munganahalli, Co-Founder and Director, SAF One, highlighted the strategic importance of the project for the Indian aviation sector, which is expected to see significant growth. “We are excited to be working with GPS Renewables to advance sustainable aviation fuel projects in India and accelerate its adoption of clean fuels,” said Munganahalli. He noted that the partnership combines GPS Renewables’ extensive experience in green energy projects in India with SAF One’s expertise in sustainable aviation fuels, forming an ideal collaboration to support and transform the aviation sector.
EY acted as the exclusive M&A investment banker representing GPS Renewables in the transaction, facilitating the development of the project that aims to strengthen India’s clean energy infrastructure and meet emerging energy needs in the aviation industry.
