The Board of Indian Oil Corporation Limited (IndianOil) has given the go-ahead for a 50:50 partnership with M11 Energy Transition Pvt. Ltd. to establish a 100 KTPA HEFA-based Sustainable Aviation Fuel (SAF) project in Paradip, as part of a larger effort to promote environmentally friendly aviation fuel.
Preliminary approvals from NITI Aayog and DIPAM are required before the project can be developed at an estimated cost of ₹1,063.60 crore (±30%). At their meeting on May 18, 2026, the company’s board of directors made the decision.
Reduced carbon emissions from the aviation sector and a stronger clean energy ecosystem are part of India’s larger strategy, which this initiative supports. In addition to improving energy security and environmental sustainability, the Paradip SAF project is anticipated to be pivotal in assisting the aviation industry in its transition to sustainable fuels.
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