An Indian oil company engaged ADI to conduct a feasibility study for its first SAF investment in a new greenfield project.
The client
Indian refining company
The situation
Feasibility study to assess investment in a greenfield SAF project
ADI’s contributions
Comprehensive policy analysis
Evaluated existing and emerging policies on SAF including incentives and mandates in India / Asia.
Demand and supply assessments
Evaluated current / future SAF demand based on airline commitments and passenger growth while aligning with regional supply potential from plant announcements.
Long-term pricing strategy
Projected long-term SAF pricing by evaluating market dynamics and potential scenarios.
Investment risk and return
Identified and assessed key technical, operational, and market risks and risk mitigation strategies. Estimated potential revenues and costs to calculate the project’s financial viability.
Key outcomes
- The client utilized the study to develop the investment case for its first SAF project.
- The client is continuing to work with ADI on scaling its SAF investments and capital projects.
More insights
2026 July SAF Tracker highlights – #89
Here are the latest highlights from ADI’s SAF Tracker: The full newsletter along with archives and databases are available to SAF Tracker subscribers.
More alcohol for your flights: MTJ receives ASTM approval
In a significant milestone for aviation decarbonization, the methanol-to-jet (MTJ) pathway for sustainable aviation fuel (SAF) production received approval last month under ASTM D7566 Annex A5. Exhibit 1 below shows all the approved SAF production pathways. The approval also includes e-methanol produced via power-to-liquid (PtL) processes using renewable electricity and captured CO₂ as an eligible […]
Bulk liquid storage is shifting from capacity to capability
Liquid bulk storage operators are entering a more selective growth cycle. Demand remains resilient across fuels, chemicals, liquefied petroleum gas (LPG), natural gas liquids (NGLs), biofuels, ammonia, and methanol. Increasingly, value is shifting toward terminals that can handle a broader range of products, connect to major trade routes, and generate higher returns from existing assets. […]