India Can Produce Green Jet Fuel 40% Cheaper: Study
A study says India can produce sustainable aviation fuel up to 40% below global costs and become a major exporter.
New Delhi, July 21 (IANS) India is uniquely positioned to produce enough sustainable aviation fuel (SAF) to supply global markets at costs up to 40 per cent below global benchmarks on the back of the country’s booming renewable energy sector, according to a joint study by IECC at UC Berkeley and Energy Innovation.
While highlighting the study, a report in OIlprice.com states that India can transform its crude oil import vulnerabilities into a multibillion-dollar export industry by scaling Power-and-Biomass-to-Liquids (PBtL) Sustainable Aviation Fuels into a $9 billion export opportunity by 2030 and $30 billion by 2040.
India produces vast amounts of surplus crop residue--which is traditionally burned by farmers--and collecting just 4 per cent of this residue would be enough to produce 25 per cent of global SAF requirements while creating direct income streams for rural communities.
