TruAlt Bioenergy secures ₹150 Cr for SAF project under PM JI-VAN
TruAlt Bioenergy Limited has received approval for ₹150 crore in financial assistance under the Government of India's PM JI-VAN Yojana for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project in Bagalkot, Karnataka. The approval, granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas, is a significant step in the company's expansion into advanced biofuels. This funding is expected to cover 7-10% of the project's capital expenditure, enhancing its viability. The SAF facility, with a planned production capacity of 10 crore litres per annum, aims to advance India's energy transition, aviation decarbonization, and reduce dependence on imported fossil fuels, aligning with India's SAF blending targets of 1% by 2027, 2% by 2028, and 5% by 2030.
Key Highlights
- TruAlt Bioenergy secured ₹150 crore financial aid for its SAF project.
- Funding is under PM JI-VAN Yojana, approved by MoPNG's CHT.
- Assistance covers 7-10% of project capex, boosting viability.
- SAF facility targets 10 crore litres/annum production capacity.
- Project aligns with India's SAF blending targets and decarbonization goals.
Price Impact
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