Praj Industries Limited has informed the Exchange regarding a revised press release dated Jun 03, 2025, titled "Praj, IATA, and ISMA Join Forces to Advance SAF Carbon Assessment and Certification in India".
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Praj Industries has signed a Memorandum of Understanding (MoU) with the International Air Transport Association (IATA) and the Indian Sugar & Bio-energy Manufacturers Association (ISMA) to advance Sustainable Aviation Fuel (SAF) certification in India. The partnership will conduct a Life Cycle Assessment (LCA) of SAF produced from Indian sugarcane via the Ethanol-to-Jet (ETJ) pathway and work toward determining a Carbon Intensity number tailored to Indian feedstock. The three organisations will also develop a certification framework aligned with international standards ISCC CORSIA and RSB CORSIA. This comes as India targets a SAF blending mandate of 1% by 2027 and 2% by 2028. Praj already operates India's first integrated SAF demonstration plant at its Praj Matrix R&D facility in Pune and has previously produced SAF with IOCL and AirAsia India from indigenous feedstock.
This partnership positions Praj as a key player in India's emerging SAF ecosystem ahead of the 2027-2028 blending mandate, potentially unlocking new revenue streams in sustainable aviation fuel. For shareholders, association with global aviation body IATA and industry body ISMA adds credibility to Praj's SAF capabilities and reinforces its long-term growth story in clean energy.