Indian Oil Signs Landmark SAF MoU with Air India
By Newscript News Network
August 20, 2025
Indian Oil Corporation (IOC) has signed a landmark agreement with Air India to supply Sustainable Aviation Fuel (SAF), making IOC the first Indian company certified by ICAO for global SAF standards. The Panipat refinery will produce the initial blends for domestic and international flights.
“This agreement marks a new era for India’s aviation industry,” said IOC Chairman S.M. Vaidya. Air India noted SAF is critical to passenger expectations and competitiveness.
With rivals BPCL and HPCL still at pilot stages, IOC has taken the lead. Analysts see this as India’s entry into a global SAF market expected to surge to $15 billion by 2030.