Praj, IATA, and ISMA Join Forces to Advance SAF Carbon Assessment and Certification in India
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
37 minutes ago
- Business Upturn
Nifty top losers today, July 28: Kotak Mahindra Bank, Bajaj Finance, Wipro, IndusInd Bank, Bharti Airtel and more
By Aman Shukla Published on July 28, 2025, 15:45 IST Indian stock markets ended in the red on July 28, with both major indices witnessing sharp declines. The Nifty 50 fell below the 24,700 mark, closing at 24,680.90 — down 156.10 points or 0.63%. Meanwhile, the Sensex dropped 572.07 points or 0.70%, ending the day at 80,891.02. Several heavyweight stocks dragged the indices lower, with banks, IT, and telecom seeing notable selling pressure. Among the biggest losers of the day were names such as Kotak Mahindra Bank, Bajaj Finance and Wipro. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 28 Kotak Mahindra Bank Closed at ₹1,968.70, down 7.3% Bajaj Finance Closed at ₹881.00, down 3.6% Wipro Closed at ₹250.20, down 3.5% IndusInd Bank Closed at ₹799.60, down 2.9% Bharti Airtel Closed at ₹1,889.90, down 2.5% Titan Company Closed at ₹3,385.00, down 2.3% Nestle India Closed at ₹2,237.00, down 1.7% Tata Consultancy Services Closed at ₹3,085.80, down 1.6% HCL Technologies Closed at ₹1,468.00, down 1.5% Adani Ports and Special Economic Zone Closed at ₹1,376.90, down 1.4% Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bajaj FinanceBharti AirtelIndusInd bankKotak Mahindra BankNiftyWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
37 minutes ago
- Business Upturn
Nifty top gainers today, July 28: Shriram Finance, Cipla, Hero MotoCorp, Asian Paints, Hindustan Unilever and more
By Aman Shukla Published on July 28, 2025, 15:40 IST Indian equity benchmarks ended in the red on July 28, with the Nifty slipping below the 24,700 mark. The Sensex fell 572.07 points, or 0.70%, to close at 80,891.02, while the Nifty declined 156.10 points, or 0.63%, to settle at 24,680.90. However, amid the broader market weakness, several Nifty 50 stocks stood out with gains. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on July 28 Shriram Finance closed at ₹632.00, up 2.6% Cipla ended at ₹1570.00, up 2.5% Hero MotoCorp finished at ₹4292.00, up 1.5% Asian Paints closed at ₹2359.50, up 1.0% Hindustan Unilever ended at ₹2439.00, up 1.0% SBI Life Insurance closed at ₹1848.10, up 0.9% Tata Consumer Products finished at ₹1063.00, up 0.8% ICICI Bank closed at ₹1488.00, up 0.7% Dr. Reddy's Laboratories ended at ₹1287.00, up 0.7% Grasim Industries closed at ₹2721.00, up 0.5% Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Asian PaintsCiplaHero MotocorpHindustan UnileverNiftyShriram Finance Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
2 hours ago
- Business Upturn
Adani Green Energy Q1 Results: Net rofit jumps 31% YoY to Rs 824 crore; revenue grows 29%
Adani Green Energy Ltd (AGEL) reported a significant jump in profitability and operational metrics for the quarter ended June 30, 2025 (Q1 FY26), with net profit rising to ₹824 crore — a more than two-fold increase from ₹383 crore in the previous quarter and ₹629 crore in the year-ago period. Key Highlights from Q1 FY26: Revenue Surge: Total revenue grew by 31% year-on-year (YoY) to ₹3,312 crore, led by a robust expansion in power supply operations. Total revenue grew by 31% year-on-year (YoY) to ₹3,312 crore, led by a robust expansion in power supply operations. Energy Sales: Energy sales rose 42% YoY to 10,479 million units, exceeding even the full-year FY22 energy sales figure. Energy sales rose 42% YoY to 10,479 million units, exceeding even the full-year FY22 energy sales figure. EBITDA Margin: EBITDA from power supply increased 31% YoY to ₹3,108 crore, with an industry-leading margin of 92.8%. EBITDA from power supply increased 31% YoY to ₹3,108 crore, with an industry-leading margin of 92.8%. Cash Profit: Rose 25% YoY to ₹1,744 crore, reflecting enhanced operational efficiency and capacity utilisation. Rose 25% YoY to ₹1,744 crore, reflecting enhanced operational efficiency and capacity utilisation. Capacity Addition: AGEL added 1.6 GW in Q1 FY26, taking its operational capacity to 15.8 GW — up 45% YoY — reinforcing its position as India's largest renewable energy player. AGEL added 1.6 GW in Q1 FY26, taking its operational capacity to 15.8 GW — up 45% YoY — reinforcing its position as India's largest renewable energy player. World's Largest RE Plant Underway: At Khavda, Gujarat, AGEL is developing a 30 GW renewable energy complex, 5x the size of Paris. As of June 2025, 5.6 GW of solar, wind, and hybrid capacity is already operational at the site. Management Commentary: Ashish Khanna, CEO of AGEL, attributed the performance to successful greenfield additions, improved O&M efficiency powered by advanced analytics and AI, and deployment of cutting-edge technologies such as robotic cleaning and bifacial solar modules. He reaffirmed the company's goal of achieving 50 GW RE capacity by 2030, including 5 GW of hydro and battery storage. On Track with ESG Leadership: AGEL was ranked No. 1 globally in the FTSE Russell ESG score for the Alternative Electricity subsector. It also secured recognition at the Reuters Global Energy Transition Awards 2025 and scored highest in ESG ratings by NSE and Crisil within the Indian power sector. Conclusion: Adani Green Energy continues to strengthen its leadership in India's renewable energy transition with consistent execution, scale, and efficiency. With its eye set on a 50 GW target and backed by record capacity additions, AGEL is well-positioned to maintain momentum in upcoming quarters. Ahmedabad Plane Crash 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.
