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Ethanol producer TruAlt gets Rs.150-Cr govt aid for sustainable aviation fuel project
Bengaluru-based TruAlt Bioenergy has received approval for financial assistance of INR 150 crore under the Government of India’s PM JI-VAN Yojana for its proposed sustainable aviation fuel (SAF) project located in Bagalkot, Karnataka. The approval was granted by the Centre for High Technology (CHT) under the Ministry of Petroleum & Natural Gas.The firm is an ethanol producer with an installed production capacity of 2,000 KLPD. The company plans to use the financial assistance to incentivize approximately 7-10% of the project’s capital expenditure.This support is intended to enhance project viability and accelerate the development of domestic sustainable aviation fuel production capacity.
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