인도의 지속가능한 항공연료(SAF) 시장은 연간 1,900만 톤-2,400만 톤의 SAF를 생산할 수 있는 원료를 가지고 있으며, SAF의 혼합 목표를 5%로 하면, 인도에서는 연간 1억 4,000만 리터 SAF가 필요합니다. 세계 3위 항공시장인 인도항공산업은 소득수준 상승, 저가 항공기 등장, UDAN(Ude Desh Ka Aam Naagrik) 정책 등 장려적인 정부 프로그램을 통해 눈부신 성장을 보여 했습니다. 2028년까지 연간 10억 여행을 지원할 수 있도록 공항의 능력을 크게 향상시키려는 NABH(The Nextgen Airports for Bharat Nirman) 계획은 이러한 성장을 지원합니다. 인도 항공 부문은 2005년부터 2018년까지 배출량이 2.5배로 증가했으며, 이 산업이 국가의 온실가스 배출에 중요한 역할을 하고 있음을 보여줍니다. 방사선 강제력 등의 요인으로부터 항공기 배출은 기존 예측보다 2-4배 큰 세계에 영향을 미칠 것으로 예측되고 있습니다. 항공산업은 온실가스 배출을 2030년까지 3.6-3.8배로, 2050년까지 최대 14배로 확대할 것으로 예측되고 있습니다.
인도에서는 항공 배출량이 CAGR 7.34%의 속도로 증가하고 있습니다. 이러한 문제에 따라 인도의 지속가능한 항공연료(SAF) 시장이 주목을 받고 있습니다. 지속가능한 자원인 SAF는 기존 항공 터빈 연료(ATF)를 대체하는 경쟁력 있는 옵션으로 온실가스 배출을 줄이고 항공 산업의 환경 부하를 줄일 가능성을 갖고 있습니다. SAF의 연료 혼합에 대한 통합은 국가의 항공 시장이 계속 성장하는 동안 항공 산업에 성장과 지속가능성의 균형을 잡는 중요한 기회를 제공합니다. 이 변화는 세계에서 가장 빠르게 성장하는 항공 시장의 한 환경에 미치는 영향을 관리하는 데 도움이 됨으로써 경제 발전과 기후 변화 목표 모두에 이익을 줄 수 있습니다.
시장 성장에 영향을 미치는 정부의 지속가능성에 주목
인도 정부의 The National Biofuel Coordination Committee(NBCC)는 항공 부문에서 지속가능성을 추진하기 위한 노력을 강화하고 있습니다. NBCC는 기존 항공 터빈 연료와 지속가능한 항공연료(SAF)의 혼합 비율에 대한 첫 번째 목표를 발표했습니다. 국제선의 첫 번째 목표는 2027년까지 SAF를 1%, 2028년까지 2%로 하는 것입니다. International Civil Aviation Organization(ICAO)의 국제항공에 대한 Carbon Offsetting and Reduction Scheme for International Aviation(CORSIA)은 2027년부터 세계 항공사들에게 배출 증가를 상쇄하도록 의무화하고 있으며, 이는 이 계획에 따른 것입니다. ATF에 비해 SAF는 재생 가능한 원료로 만들어지기 때문에 탄소 발자국은 상당히 낮습니다.
정부가 SAF 혼합을 추진함으로써 인도의 CORSIA 규정 준수 및 항공기 배출은 혜택을 받을 것으로 예상됩니다. 민간 부문의 참여는 필수적입니다. Indian Oil Corporation(IOC) 및 Mangalore Refinery and Petrochemicals와 같은 대기업을 포함한 기술 공급자와 협력하여 SAF 제조 공장을 설립합니다. 사용한 식용유와 비식용유를 원료로 하여 알코올에서 제트 연료로 변환하는 경로로 생산합니다. 환경과 농업에 큰 혜택이 있기 때문에 정부는 SAF 혼합율을 4-5%로 확대할 계획입니다.
예를 들어 2023년 5월, Hardeep Singh Puri 석유상은 인도가 2025년까지 제트 연료에 지속 가능한 항공 연료(SAF)를 1% 혼합해야 하는 획기적인 정책을 시행한다고 선언했습니다. 지속가능한 연료를 목표로 하는 세계의 동향과 보조를 맞추고, 이 대처는 항공산업으로부터의 배출을 대폭 삭감하는 것을 목표로 하고 있습니다.
시장의 급속한 혁신
기술 개발은 인도의 지속가능한 항공연료(SAF) 시장의 큰 성장을 가속할 것으로 예상됩니다. 인도는 SAF, 바이오디젤, 바이오CNG 등의 청정에너지를 추진함으로써 화석연료에 대한 의존을 줄이는 것을 목표로 하고 있습니다. 이것은 사탕수수, 농업 폐기물, 사용한 식용유, 도시 폐기물 등의 다양한 원료를 가스화 및 피셔트롭슈법, ATJ(Alcohol to Jet), 수소화 처리 에스테르 및 지방산(HEFA) 등의 첨단 기술과 조합하여 이용함으로써 달성됩니다. 경영 중인 제당 공장과 에탄올 시설에서 이소부탄올(IBA) 생산으로 연간 150만 톤의 SAF를 생산할 수 있는 반면, 사용후 식용유(UCO)를 이용한 HEFA 기술로 최대 200 만 톤의 SAF가 생산될 수 있습니다. 분별 인프라가 개선되면 연간 최대 1,100만 톤의 SAF가 생산될 수 있습니다.
이 보고서는 인도의 지속가능한 항공연료(SAF) 시장에 대한 조사 분석을 통해 시장 규모 및 예측, 시장 역학, 주요 기업 현황 등을 제공합니다.
India sustainable aviation fuel market has feedstock for potential production of 19 to 24 million tons of SAF per year, for 5% blending target of SAF, India would require 0.14 billion liters of SAF annually. The third-largest aviation market in the world, India's aviation industry has grown remarkably because of rising income levels, the emergence of low-cost carriers, and encouraging government programs such as the Ude Desh Ka Aam Naagrik (UDAN) Policy. The Nextgen Airports for Bharat Nirman (NABH) plan, which seeks to greatly increase airport capacity to accommodate a billion trips annually by 2028, supports this growth. The aviation sector in India had a 2.5-fold growth in emissions between 2005 and 2018, indicating that the industry plays a significant role in the country's greenhouse gas emissions. Due to factors such as radiative forcing, aircraft emissions are predicted to have a 2 to 4 times greater global impact than existing projections. The aviation industry is expected to expand its greenhouse gas emissions by 3.6 to 3.8 times by 2030 and up to 14 times by 2050.
In India, aviation emissions are growing at a CAGR of 7.34%. The Indian market for sustainable aviation fuel is receiving more attention in response to these issues. With its sustainable source, SAF presents a competitive option to traditional Aviation Turbine Fuel (ATF), with the potential to lower greenhouse gas emissions and reduce the environmental impact of the industry. SAF integration into the fuel mix offers the aviation industry a critical chance to strike a balance between growth and sustainability as the country's aviation market continues to rise. This change could benefit both economic development and climate goals by assisting in managing the environmental impact of one of the aviation markets that is expanding at the fastest rate in the world.
Government Focus on Sustainability to Influence Market Growth
The National Biofuel Coordination Committee (NBCC) of the Indian government is stepping up its efforts to promote sustainability in aviation. The NBCC has published the first targets for the blend ratio of conventional aviation turbine fuel to sustainable aviation fuel. The first targets for international flights are 1% SAF by 2027 and 2% by 2028. The International Civil Aviation Organization's (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which requires airlines worldwide to offset emissions growth starting in 2027, aligns with this plan. Compared to ATF, SAF has a substantially lower carbon footprint as it is made from renewable feedstocks.
India's CORSIA compliance and aircraft emissions are anticipated to benefit from the government's push for SAF blending. Involvement from the private sector is vital. Establishing SAF production plants in partnership with technology providers including major players such as Indian Oil Corporation (IOC) and Mangalore Refinery and Petrochemicals. Used cooking oil and non-edible oils will be used as feedstocks in these units, using pathways such as alcohol-to-jet fuel. With major advantages for the environment and the agriculture industry, the government plans to scale the SAF blending to 4-5%.
For instance, in May 2023, the Oil Minister Hardeep Singh Puri has declared that India will implement a ground-breaking policy by 2025 requiring the blending of 1% Sustainable Aviation Fuel in Jet Fuel. In keeping with global trends toward sustainable fuels, this effort seeks to drastically cut emissions from the aviation industry.
Rapid Technology Innovation in the Market
Technological developments are expected to drive significant growth in India sustainable aviation fuel market. India aims to reduce the dependency of fossil fuel by promoting clean energy such as SAF, Biodiesel, Bio CNG, etc. This is accomplished by utilizing a variety of feedstocks, including sugarcane, agricultural wastes, used cooking oil, and municipal solid waste, in conjunction with cutting-edge technologies, such as Gasification/Fischer-Tropsch, Alcohol-to-Jet, and Hydroprocessed Esters and Fatty Acids (HEFA). While Isobutanol (IBA) production from operating sugar mills and ethanol facilities may produce 1.5 million tons of SAF yearly, HEFA technology employing used cooking oil (UCO) could produce up to 2 million tons. Up to 11 million tons of SAF might be produced annually with improved segregation infrastructure.
For Instance, in May 2023, one of the constituent laboratories of the Council of Scientific & Industrial Research (CSIR), the Indian Institute of Petroleum (IIP), created an indigenous one-step catalytic technology that produces SAF by hydro-processing waste lipids such as UCO and tree-borne oils. Additionally, CSIR-IIP has set up a pilot scale testing facility that can process up to 50 kg of feed per day.
West and Central India is Expected to Dominate Market Share
India's west and central regions are becoming important players in India SAF market, which is growing significantly due to their strategic advantages. SAF manufacturing and distribution are concentrated in major aviation hubs and airports in cities like Mumbai, Pune, and Ahmedabad. Large investments in infrastructure, such as production facilities and supply systems have strengthened the availability and use of SAF in these regions. Increased SAF production and usage have been fueled by government subsidies and initiatives meant to lower carbon emissions and promote sustainable aviation. The advancement of SAF technology and integration necessitates active industry collaborations between fuel suppliers, research institutions, and airlines. SAF has a positive market outlook that sets the standard for the rest of India due to the robust current aviation infrastructure and growing demand for air travel.
For instance, in January 2024, Expanded DigiYatra and non-DigiYatra capabilities at Mumbai Airport have helped the airport process up to 8,000 passengers per hour and cut wait times to less than a minute. The airport now has 68 entry lanes, the highest number in the country, including 34 dedicated to DigiYatra. Terminal 1 features six dedicated DigiYatra e-gates and six non-DigiYatra e-gates. Additionally, 118 new e-gates at Terminal 2 will streamline security checks.
Biofuel Dominating the Market Share
Biofuels are gaining prominence in India sustainable aviation fuel market due to environmental benefits and raw material availability. When compared to conventional fossil fuels, biofuels are made from organic materials such as vegetable oil and other waste biomass in India. The National Biofuel Policy and business partnerships, along with government assistance are leading biofuels to dominate market share. Indian Oil Corporation (IOC) launched India's first bio-jet fuel-powered flight in 2018, using a blend of Jatropha-based biofuel and conventional aviation fuel. SpiceJet operated the country's first test flight with biofuel between Dehradun and Delhi. Praj Industries is developing advanced technologies for producing SAF blended aviation turbine fuel (ATF), as a result, biofuels are expected to significantly shape India's SAF market.
Key Players Landscape and Outlook
In India sustainable aviation fuel market, key players include major public sector oil companies such as Indian Oil Corporation and international companies such as World Energy, Neste Oyj, and LanzaJet. The market is buoyed by substantial investments in SAF production facilities and government initiatives promoting green aviation. The outlook is optimistic with plans for SAF blending mandates and infrastructure expansion to support a burgeoning aviation sector. Collaborations between Indian firms and international technology providers are driving innovation, while the diverse feedstock potential and supportive regulatory framework are expected to position India as a significant player in the global SAF market.
In February 2023, Indian Oil Corp planned to sign an agreement with LanzaJet to produce cleaner aviation fuel at its Panipat refinery in northern India. Indian Oil already has a partnership with LanzaTech to transform trash into ethanol, thus this contract will enhance ethanol to cleaner jet fuel. By 2030, 2% of the fuel used in aircraft at the state-run refinery will come from renewable sources.
In November 2022, India's largest airline, IndiGo, has committed to use 10% sustainable aviation fuel by 2030. Its most recent ESG report, Flying Responsibly, showcases early successes in lowering the intensity of airplane emissions and raising the usage of electric vehicles at airports. To develop SAF in line with the World Economic Forum's Clean Skies for Tomorrow project, IndiGo and the Indian Institute of Petroleum have signed a Memorandum of Understanding.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.