TruAlt Bioenergy Secures ₹150 Crore SAF Project Funding Under PM JI-VAN Yojana
TruAlt Bioenergy received approval for ₹150 crore financial assistance under the PM JI-VAN Yojana for its Sustainable Aviation Fuel project. The funding will support approximately 7-10% of the project's capital expenditure. The project aims for a capacity of 10 crore litres per annum and aligns with India's net-zero and SAF blending targets.
The approval of ₹150 crore in financial assistance for a Sustainable Aviation Fuel project is a material development that will significantly impact the company's strategic direction and its role in the growing biofuels sector.
The announcement details a significant financial approval for a key project, which is a positive development for the company's expansion and contribution to national energy goals.
TruAlt Bioenergy Limited has received approval for financial assistance of ₹150 crore under the Government of India's PM JI-VAN Yojana for its commercial-scale Sustainable Aviation Fuel (SAF) project. This approval was granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas (MoPNG).
The approved financial assistance is expected to cover approximately 7–10% of the project's capital expenditure, aiming to enhance project viability and support the development of domestic SAF production capacity. The PM JI-VAN Yojana is designed to accelerate the commercialization of advanced biofuels by promoting technological innovation, utilizing renewable feedstocks, and developing indigenous low-carbon fuel technologies.
The proposed SAF facility will have a planned production capacity of 10 crore litres per annum and is intended to advance India's energy transition and aviation decarbonization goals. It aims to reduce dependence on imported fossil fuels and support India's net-zero ambitions, aligning with global initiatives like CORSIA and India's SAF blending targets of 1% by 2027, 2% by 2028, and 5% by 2030.
Mr. Vijay Nirani, Managing Director of TruAlt Bioenergy Limited, stated that the project is crucial for decarbonizing aviation and building globally competitive, indigenous solutions. He expressed gratitude to the Government of India for its support in fostering innovation and enabling the commercialization of next-generation biofuels, positioning India as a global hub for sustainable fuels.
The financial assistance will be disbursed according to project milestones and the terms of a Memorandum of Agreement to be executed with CHT. TruAlt Bioenergy, India's largest ethanol producer, continues to expand its portfolio across various biofuels.
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