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Honeywell-AM Green partner to propel India’s sustainable aviation fuel
MUMBAI: The future of clean energy just got a serious power boost! Honeywell and AM Green have signed a memorandum of understanding (MoU) at India Energy Week 2025, laying the groundwork for a game-changing initiative that could catapult India into the global spotlight for sustainable aviation fuel (SAF), green methanol, and carbon capture solutions.
This partnership is all about big ambitions—reducing crude oil import dependence, helping shipping companies adopt low-emission fuels, and giving airlines the tools to meet Corsia mandates for low-carbon, drop-in fuel replacements. Simply put, it’s a serious play to decarbonise aviation and shipping while reinforcing India’s energy security.
The Honeywell-AM Green alliance will assess the techno-economic feasibility of producing SAF from ethanol, green methanol from various CO₂ emission sources, and green hydrogen. But beyond the buzzwords, what does this really mean? Think next-gen fuels, fewer emissions, and a cleaner planet—all made possible with a combination of cutting-edge technology and forward-thinking strategy.
Honeywell, known for its carbon capture wizardry and ethanol-to-jet innovation, joins hands with AM Green, an emerging leader in green hydrogen and ethanol production. Together, they’re building an ecosystem that directly supports India’s SAF blending mandates and positions the country as a global green fuel export hub.
Honeywell India president Ashish Modi emphasised the larger vision behind this move, “The collaboration with AM Green will help advance India’s low-carbon economy and create an ecosystem that supports the government’s SAF blending mandates, positioning India as a global leader in alternative fuel innovation. By combining Honeywell’s proven carbon capture technologies and ethanol-to-jet solution with AM Green’s expertise in green hydrogen and ethanol production, we will pave the way for a sustainable future and reinforce our commitment to environmental stewardship.”
Meanwhile, AM Green co-founder & group president Mahesh Kolli highlighted the scale of their clean energy ambitions, “We are delighted to partner with Honeywell, one of the world’s largest technology companies shaping the future of energy. This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable, and lowest-cost green molecules and its derivatives, accelerating industrial decarbonisation globally.”
For the aviation and shipping sectors, this means a real path to net-zero. But there’s an even bigger win here—Indian farmers stand to benefit significantly. By creating demand for ethanol feedstocks, this partnership supports rural economies and aligns with India’s national green hydrogen mission to boost green hydrogen production via green methanol for both domestic and export markets.
The feasibility study is set to wrap up by mid-2025, marking a crucial milestone in India’s journey toward large-scale decarbonisation. If successful, this initiative could redefine India’s role in global clean fuel production, solidifying its position as a pioneer in sustainable aviation and shipping solutions.
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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
