Praj and Indian Oil Accelerate Transition to Cleaner Skies
Praj Industries Limited and Indian Oil Corporation Limited have signed a Memorandum of Understanding to accelerate India’s transition to cleaner and greener energy sources by exploring sustainable aviation fuels, 1G and 2G ethanol, compressed biogas and related opportunities in the biofuels industry.
Exploring these green energy horizons will be crucial for India to achieve carbon neutrality by 2070.
This MoU will increase ATJ’s fuel production capacity and use in India, which in turn will help reduce emissions from the aircraft.
IndianOil and Praj will also work together to set up production facilities for biofuels, including CBG, biodiesel and ethanol.
Shrikant Madhav Vaidya, President of Indian Oil, said: “Our alliance with Praj will increase the share of biofuels in India’s energy portfolio. Reduction Scheme for International Aviation) to significantly reduce carbon emissions in the aviation sector. This development is in line with the “Panchamrit” agenda unveiled by the Honorable Prime Minister at the COP26 summit in Glasgow, to fight against climate change and global warming. “
Dr Pramod Chaudhari, Founding President of Praj Industries, added: “We are delighted to partner with Indian Oil to increase the share of biofuels in India’s transportation energy mix. The objectives of this comprehensive memorandum of understanding are strategic in nature and encompass socio-economic and environmental aspects. linked to the growth of the nation. In a world threatened by climate change, the transition to a low carbon economy is not an option, it is an obligation! Biofuels play an essential role in sustainable climate action.
Exploring these green energy horizons will be crucial for India to achieve carbon neutrality by 2070.
This MoU will increase ATJ’s fuel production capacity and use in India, which in turn will help reduce emissions from the aircraft.
IndianOil and Praj will also work together to set up production facilities for biofuels, including CBG, biodiesel and ethanol.
Shrikant Madhav Vaidya, President of Indian Oil, said: “Our alliance with Praj will increase the share of biofuels in India’s energy portfolio. Reduction Scheme for International Aviation) to significantly reduce carbon emissions in the aviation sector. This development is in line with the “Panchamrit” agenda unveiled by the Honorable Prime Minister at the COP26 summit in Glasgow, to fight against climate change and global warming. “
Dr Pramod Chaudhari, Founding President of Praj Industries, added: “We are delighted to partner with Indian Oil to increase the share of biofuels in India’s transportation energy mix. The objectives of this comprehensive memorandum of understanding are strategic in nature and encompass socio-economic and environmental aspects. linked to the growth of the nation. In a world threatened by climate change, the transition to a low carbon economy is not an option, it is an obligation! Biofuels play an essential role in sustainable climate action.
Praj has established itself as the leading bioeconomy company in India, with a strong focus on driving climate action around the world.