This is a very good interview. A must watch to understand thew biofuel growth trajectory in India and across the globe. A very detailed insight on the same and how Praj could benefit from the trend.
- Huge set of clear opportunities for Praj coming up
- Biofuels, Green Hydrogen, Green Ammonia, Waste to Energy, etc. projects taking concrete shape
- No more a CSR play; Projects are being executed from a pure commercial perspective which is an important point of change
- Opportunities in both Surface + Air Mobility
- To setup 5 CBG Plants for a customer over 15-18 months
- JV with IOC (term sheet signed)
- Govt plans to put up 5000 CBG Plants (US has 200), It is ambitious but achievable. Looking at 100 such plants at a time as an opportunity which is huge in itself and required a 10,000Cr outlay
- Biofuels is a very new segment and India is way ahead of its peers and showing the way for such transitional fuels
- CBG cannot be stored and needs to be consumed immediately
- Ethanol Blending: India is at 11% and targets to be at 20% by 2025
- By January 2027, all countries involved are mandated to have the ethanol blending in place for airlines and use SAF
- US also looking for low carbon fuels for SAF (another opportunity)
- Idea is to grow profitably and not let the bottom line suffer while growing the topline
The last part of the video is excellent where the CEO talks about 2 special moments for the company in the last few months:
- Air Asia flight flew from Pune to Delhi on SAF (Sustainable Aviation Fuel) – this was made by concerting sugarcane found outside their R&D Centre
- G20 – India showcased its prowess and progress in biofuels – Praj was showcased as the leader from India (although no logo or name was shown as they represented India there)
Disc: Invested
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