Summary:

According to Deloitte's research, "Green Wings: India's Sustainable Aviation Fuel (SAF) Revolution in the Making," India is predicted to generate 8-10 million tonnes of SAF by 2040, requiring $70-85 billion in investments. This could cut carbon emissions by 20-25 million tonnes per year, surpassing the domestic demand of 4.5 million tonnes under a 15% blending mandate. The investment could create 1.1 to 1.4 million jobs and reduce crude oil import costs by $5-7 billion annually, while raising farmers' earnings by 10-15% through agricultural residue utilization.

Mr. Viral Thakker, Partner and Sustainability Leader at Deloitte South Asia, noted that Sustainable Aviation Fuel (SAF) empowers farmers while lowering carbon emissions, resulting in a sustainable economic growth model. According to Deloitte's estimates, India's 230 million tonnes of agricultural waste are a vital feedstock for ethanol (2G) production, which is required for Alcoholto-Jet technology. Mr. Prashanth Nutula of Deloitte India emphasized India's 2-3% share in the global aviation turbine fuel market. Successful SAF implementation necessitates stakeholder participation, a clear demand roadmap, and financial incentives such as Production Linked Incentives (PLI) to attract investors.

Source: IBEF 

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