Praj Industries- changing orbits
Turnover ~$400M
Each SAF plant is a $400M opportunity for Praj
20 SAF plants needed just in US alone in 5yr, Praj is a top contender.
From concall 
Add to that,
- SAF opportunity in India, EU & RoW
- 1G E25, Biodiesel, 2G, CBG
- ZLD, PHS biz
- futuristic Bioploymer biz
SAF will a huge biz opportunity for Praj till at least 2050. Check the image below. 20 SAF plants over next 5yr (each ~$400M opportunity for Praj) and then 20 SAF plants every year from 2030-2050 in US alone !!!
Interesting read on SAF in US:
The Challenge Ahead: A Critical Perspective on Meeting U.S. Growth Targets for Sustainable Aviation Fuel
Crude from ground is converted in oil refineries to fuel (Petrol, Diesel, Jet Fuel, etc) & Naptha.
Naptha is hydrocracked to produce polymers which are building blocks for man-made materials such as plastic, textiles, etc
After conquering fuels, Praj has now entered materials side of crude-oil applications
Biomaterials will replace many/most crude oil derived materials over next 30yr. This is again trillions of dollars opportunity
Plus,
Natural growth in fuel demand + service biz (O&M +performance enhancer materials) for new plants give Praj a multi-decade runway for very high growth.
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