Praj Industries, Indian biotechnology company has joined hands with Indian Oil Corporation (IOC) for the production of Sustainable Aviation Fuel (SAF). Praj and IOC signed an MoU last year to explore opportunities to fast-track the production of Alcohol to Jet (ATJ) fuels, 1G, 2G ethanol and compressed bio-gas. The IOC board approved the joint venture and further approvals are expected by the end of the year. Shrikant Madhav Vaidya, chairman, Indian Oil, said:  IOC is also setting up the first SAF plant in collaboration with LanzaJet at Panipat and they were open to setting up a second SAF JV with Praj. 

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