TruAlt Bioenergy Secures INR 150 Crore PM JI-VAN Support for SAF Project

TruAlt Bioenergy has announced that it has received approval for financial assistance of INR 150 crore under the Government of India’s PM JI-VAN Yojana for its proposed commercial-scale Sustainable Aviation Fuel (SAF) project.

The approval has been granted by the Centre for High Technology (CHT) under the Ministry of Petroleum and Natural Gas (MoPNG). The approved financial assistance of INR 150 crore is expected to incentivise approximately 7-10 percent of th project’s capital expenditure, thereby enhancing project viability, stated the company.

The PM JI-VAN Yojana is a flagship initiative of the Government of India aimed at accelerating the commercialisation of advanced biofuels. Through targeted financial support, the scheme promotes technological innovation, utilisation of renewable feedstocks and agricultural residue and the development of indigenous low-carbon fuel technologies.

The proposed SAF facility, with a planned production capacity of 10 crore litres per annum, is expected to play a pivotal role in advancing India’s energy transition and aviation decarbonisation objectives. The project will contribute to the development of a domestic SAF ecosystem, strengthen indigenous production of low-carbon aviation fuels, reduce dependence on imported fossil fuels, and support India’s long-term net-zero ambitions.

Commenting on the development, Vijay Nirani, Managing Director, TruAlt Bioenergy, said, “This milestone represents far more than the development of a new facility, as the world accelerates towards decarbonising aviation, Sustainable Aviation Fuel will become an indispensable pillar of the future energy landscape. At TruAlt, we are committed to building globally competitive, indigenous solutions that strengthen India’s energy security while advancing climate goals.”

The financial assistance will be released in accordance with project milestones and the terms of the Memorandum of Agreement to be executed with the Centre for High Technology.

With an installed ethanol production capacity of 2,000 KLPD and integrated operations across the biofuels value chain, TruAlt will continue to expand its portfolio across ethanol, compressed biogas (CBG), sustainable aviation fuel and other future fuels, stated the company.