Is this the best biofuel stock in the market?

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domestic aviation space. It is the pilot shortage at Akasa, the cancelled flights, and irate passengers. Or the hikes in passenger fares following the news, within an hour.

As many budget airlines have gone under, it will definitely be interesting to see if the airline space witnesses a consolidation or not... and if it does, the implications for the companies that remain in the sector. But that's a discussion for another day.

India flew its first 'green' commercial flight from Pune to New Delhi. This Air Asia flight was powered by an indigenously made sustainable aviation fuel, or SAF i.e. blended aviation turbine jet fuel.

'Blended with what?', you must be wondering. Well, it was agri feedstock. You see, as India becomes signatory to CORSIA - or Carbon Offsetting and Reduction Scheme for International Aviation, it calls for compulsory blending of aviation fuel from 2027.

Even at just 1% blending will need about 140 million (m) litres of SAF. Now SAF is a second stage fuel, produced from ethanol. This itself would create an additional requirement of 280 m liters per annum of ethanol.

So why should you bother as an investor? While not a game changer in isolation, this is a big development when seen in context of developments in the green energy space. The clean energy drive is not just limited to industries, offices, homes, and land. It has taken off to the skies.

And its high time for investors to take the biofuel space seriously. Now this is just one of the opportunities emerging in bioenergy space. We all know how ethanol blending in petrol created a new investment theme in the stock markets and fuelled the rise of sugar stocks.