A new report from Deloitte India suggests that India could produce 8-10 million tonnes of sustainable aviation fuel (SAF) by 2040. This output is expected to exceed domestic demand, positioning the country to potentially export surplus SAF.
The report indicates that achieving this production capacity will require an estimated investment of USD 70-85 billion. In addition to reducing carbon emissions by 20-25 million tonnes annually, the initiative is expected to create between 1.1 and 1.4 million jobs in the country.
India's SAF production plan includes utilizing 230 million tonnes of agricultural residue as feedstock, a move that could lower the nation's crude oil import bill by USD 5-7 billion each year.
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