Sunday, January 29, 2023

India starts exporting fuel for small planes, enters $3bn global market

In a first, the country's largest oil refiner and marketer, IndianOil Corporation has exported a consignment of AVGAS 100 LL, a special aviation fuel meant for piston engine aircrafts and unmanned ariel vehicles, to Papua New Guinea on Saturday.

The consignment consisted of 16 KL of AVGAS packed in 80 barrels. This is the first ever instance of India exporting AVGAS.

“The global aviation gasoline market is projected to grow at 5% CAGR. The Aviation traffic in India is also likely to grow by 7%. The indigenous production of AVGAS 100 LL in India will not only help in saving foreign exchange on imports but will make pilot training in domestic flying institutes economical for budding pilots,” said S M Vaidya, Chairman, IndiaOil Corporation.

In India, until very recently, AVGAS 100 LL fuel primarily used by Flying Training Organisations (FTOs) and Defence forces was imported at a huge cost from European countries for decades.

IndiaOil launched the indigenous production of aviation fuel AVGAS 100 LL on September 26, 2022 at Air Force Station, Hindan and the same is now being extensively used in the domestic market. The present production of AVGAS 100 LL is being done from IndiaOil’s Gujarat Refinery which has a capacity of 5TMT per annum.

The domestic production of AVGAS 100 LL produced by IndiaOil at its Gujarat Refinery will make flying training more affordable in India and abroad, the company said in a statement.

There is a significant consumption of AVGAS in countries in South America, Asia Pacific, Middle East, Africa and Europe. Therefore, there is a great opportunity to export AVGAS beyond the shores of India, the company said.

29/01/23 Economic Times

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