May 23, 2024 [SAF One]- GPS Renewables, India’s premier Full Stack Technology & Engineering company dedicated to clean fuels, has partnered with Dubai-based SAF One, a platform focused on the development of global sustainable aviation fuel solutions, for the construction and development of Sustainable Aviation Fuel Projects in India.

As a part of this partnership, GPS’ project platform, ARYA, along with SAF One, will co-develop a 20 to 30 million litres per year Sustainable Aviation Fuel (SAF) facility using lignocellulosic waste feedstock (residual dry plant matter).

Commenting on the collaboration, Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, said, “As India moves towards mandating 1-5% blended usage of SAF starting in 2027, we need more collaborative efforts to address the challenges associated with the production of Sustainable Aviation Fuel. At GPS Renewables, we are committed to eliminating these bottlenecks and facilitate India’s seamless transition towards clean energy. This collaboration with SAF One is a step in that direction. We look forward to a fruitful partnership to accelerate the production of SAF and help India become a leader in Sustainable Aviation Fuel”

In addition to its focus on sustainable aviation fuels, GPS Renewables has been at the forefront of biofuel technology and project development, spanning Compressed Biogas (CBG), Renewable Natural Gas (RNG), 2G ethanol, and green hydrogen. With a track record of establishing over 100 biogas plants, including Asia’s largest RNG plant based on Municipal Solid Waste (MSW) in Indore, GPS Renewables continues to be a leader in the production of clean fuels.

Deepak Munganahalli, Co- Founder and Director at SAF One, said, “The Indian aviation sector is poised for significant growth, and SAF One recognizes the critical need for clean energy solutions. We are excited to be working with GPS Renewables to advance sustainable aviation fuel projects in India and accelerate its adoption of clean fuels. This collaboration adds to SAF One’s growing pipeline of projects globally and is a cornerstone of our strategy to support and transform the aviation sector. GPS’ extensive experience in green energy projects in India and SAF One’s expertise in the development of sustainable aviation fuels while capitalising on its principals’ track record in aviation and circular economy makes for an ideal partnership. ”

EY was the exclusive M&A investment banker representing GPS Renewables on the transaction.

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