Tata Projects Selected as EPC Partner for SAF One’s Sustainable Aviation Fuel Project

Tata Projects Selected as EPC Partner for SAF One’s Sustainable Aviation Fuel Project Tata Projects Limited, one of India’s leading technology-led engineering, procurement and construction (EPC) companies and a key part of the Tata Group, has been selected by SAF One Energy Management Limited as its EPC partner for a HEFA-based (Hydroprocessed Esters and Fatty Acids) Sustainable Aviation Fuel (SAF) project in the Middle East. Advancing the transition to low‑carbon aviation, the Project will convert used cooking oil (UCO) and other waste oils and fats into SAF, playing a pivotal role in regional and global decarbonization by enabling the production of low‑carbon aviation fuel and reducing dependence on conventional fossil‑based jet fuel. It also represents an important milestone in SAF One’s plans to develop a portfolio of Sustainable Aviation Fuel facilities globally, including one in India. As EPC partner, Tata Projects will deliver an integrated, scalable project solution, leveraging its approach of standardized designs, advanced construction methodologies, and optimized modular execution strategies. This approach is aimed at improving schedule predictability, optimizing capital efficiency, and enabling faster replication of SAF facilities across multiple geographies. The project configuration integrates globally proven process technologies for feedstock pre-treatment and hydroprocessing, ensuring flexibility across multiple waste-based feedstocks and compliance with ASTM D7566 international SAF specifications. Tata Projects’ role encompasses overall project integration, constructability-driven design development, and execution readiness for a first-of-its-kind SAF facility in the region. Commenting on the development, Rajiv Menon, President & COO – Energy & Industrial Business, Tata Projects Limited, said “Sustainable Aviation Fuel represents one of the most immediate and scalable levers for aviation decarbonization. Our collaboration with SAF One reflects a shared focus on creating repeatable, efficient, and execution ready SAF infrastructure. By combining standardized design philosophies with modular construction and disciplined project delivery, we aim to enable faster deployment of SAF projects globally.” Deepak Munganahalli, co-founder and CEO of SAF One added “We are pleased to partner with Tata Projects for this SAF project. Their experience in delivering complex energy infrastructure under a fixed-price, lump sum turnkey EPC model, together with a strong focus on safety, constructability, and standardization, aligns well with SAF One’s ‘design one, build many’ approach as we progress a scalable pipeline of SAF projects across regions.” This partnership reinforces Tata Projects’ position as a partner of choice for energy transition projects, supporting clients with scalable delivery models that balance sustainability objectives with execution certainty. Tata Projects and SAF One are also progressing discussions for a Sustainable Aviation Fuel project in India, underscoring a shared commitment to building resilient and future-ready SAF infrastructure in high-growth aviation markets. About Tata Projects Tata Projects is one of India’s most trusted technology-led Engineering, Procurement and Construction (EPC) companies, delivering large and complex infrastructure projects across energy, industrial, urban and transportation sectors. The company has a strong presence in refineries, petrochemicals, green fuels, power generation and transmission, water and waste management, transportation infrastructure, data centres, semiconductor facilities and advanced manufacturing. Tata Projects focuses on delivering repeatable, scalable, and sustainable infrastructure solutions, combining standardized design philosophies, modular construction techniques, and advanced project execution practices. Its integrated capabilities span the entire project lifecycle, from concept and engineering through construction, commissioning, and operations support-enabling clients to achieve speed, scale, and predictability in project delivery. Tata Projects is part of the Tata Group, a global enterprise operating in over 150 countries across six continents. In FY 2024–25, Tata Group companies collectively recorded revenues of USD 180 billion and employ over one million people worldwide. Media Contact: Tata Projects: Amarjeet Kaur, amarjeetk@tataprojects.com, Head – Communications & Brand Ad Factors: Richa Seth, Richa.seth@adfactorspr.com About SAF One Energy Management SAF One Energy Management Limited is a platform focused on delivering sustainable aviation fuels (SAF) to the global aviation industry. SAF One is co-founded by Novus Aviation Capital Limited (NACL) and Sencirc Holding Limited (SHL). To this partnership, Novus brings nearly 30 years of experience in investing and managing commercial aviation assets in the aviation industry. Sencirc brings decades of experience in the energy industry with domain expertise in developing, building and managing waste to value assets. Visit http://saf-one.co to find out more. Media Contact: Jude Al Kutoubi, jude.alkutoubi@saf-one.co

SAFFA Invests up to $30 Million in SAF One Project Starting Construction in 2026

SAFFA Invests up to $30 Million in SAF One Project Starting Construction in 2026 Middle East project is targeting SAF production by Q4 2028 15th January 2026 – SAFFA Fund I, LP (“SAFFA”), an investment fund managed by Burnham Sterling Asset Management LLC (“BSAM”) with an objective to accelerate the production of sustainable aviation fuel (“SAF”), and SAF One Energy Management Limited (“SAF One”), a platform for sustainable aviation solutions, today announced an investment of up to $30 million, $10 million of which has already been funded, by SAFFA in a SAF One project, breaking ground in 2026 and targeting SAF production by Q4 2028. SAF One, which has been developing a pipeline of SAF projects over the last several years, has achieved critical milestones on a project in the Middle East and plans to commence construction there in 2026. Under the terms of the investment, SAFFA could scale its investment over time as the project progresses and SAF production is offered to the aviation industry. “Scaling SAF globally requires collaboration across the ecosystem and SAF One is an ideal partner that has made excellent progress on its project in the Middle East,” said Michael Dickey Morgan, Executive Managing Director of BSAM. “We look forward to SAF One project becoming a key supplier of SAF for the global aviation industry.” “SAF One is delighted to partner with SAFFA and its stakeholders in the funding of our first project that we believe will be the first to deliver SAF out of the Middle East region,” said Mounir Kuzbari, Co-Founder and Executive Chair of SAF One. “SAF One’s mission is to deliver customized solutions to its aviation industry customers, recognizing that customer adoption and support is critical to scaling SAF production globally,” said Deepak Munganahalli, Co-Founder and CEO of SAF One. About SAFFA SAFFA is an investment fund in which Airbus, Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, CMA-CGM, Mitsubishi HC Capital and Qantas Airways Limited co-invested to accelerate the production of SAF. The corporate partners worked with investment manager Burnham Sterling Asset Management LLC to establish SAFFA. The commitment from the eight partners amounts to an aggregate of approx. US$208 million. For more info, visit https://burnhamsterling.com. About SAF One Energy Management SAF One Energy Management Limited is a platform focused on delivering sustainable aviation fuels (SAF) to the global aviation industry. SAF One is co-founded by Novus Aviation Capital Limited (NACL) and Sencirc Holding Limited (SHL). To this partnership, Novus brings nearly 30 years of experience in investing and managing commercial aviation assets in the aviation industry. Sencirc brings decades of experience in the energy industry with domain expertise in developing, building and managing waste to value assets. Visit http://saf-one.co to find out more.

SAF industry takes flight with £14.7 billion global investment

SAFFA Invests up to $30 Million in SAF One Project Starting Construction in 2026 Middle East project is targeting SAF production by Q4 2028 15th January 2026 – SAFFA Fund I, LP (“SAFFA”), an investment fund managed by Burnham Sterling Asset Management LLC (“BSAM”) with an objective to accelerate the production of sustainable aviation fuel (“SAF”), and SAF One Energy Management Limited (“SAF One”), a platform for sustainable aviation solutions, today announced an investment of up to $30 million, $10 million of which has already been funded, by SAFFA in a SAF One project, breaking ground in 2026 and targeting SAF production by Q4 2028. SAF One, which has been developing a pipeline of SAF projects over the last several years, has achieved critical milestones on a project in the Middle East and plans to commence construction there in 2026. Under the terms of the investment, SAFFA could scale its investment over time as the project progresses and SAF production is offered to the aviation industry. “Scaling SAF globally requires collaboration across the ecosystem and SAF One is an ideal partner that has made excellent progress on its project in the Middle East,” said Michael Dickey Morgan, Executive Managing Director of BSAM. “We look forward to SAF One project becoming a key supplier of SAF for the global aviation industry.” “SAF One is delighted to partner with SAFFA and its stakeholders in the funding of our first project that we believe will be the first to deliver SAF out of the Middle East region,” said Mounir Kuzbari, Co-Founder and Executive Chair of SAF One. “SAF One’s mission is to deliver customized solutions to its aviation industry customers, recognizing that customer adoption and support is critical to scaling SAF production globally,” said Deepak Munganahalli, Co-Founder and CEO of SAF One. About SAFFA SAFFA is an investment fund in which Airbus, Air France-KLM Group, Associated Energy Group, BNP Paribas, Burnham Sterling, CMA-CGM, Mitsubishi HC Capital and Qantas Airways Limited co-invested to accelerate the production of SAF. The corporate partners worked with investment manager Burnham Sterling Asset Management LLC to establish SAFFA. The commitment from the eight partners amounts to an aggregate of approx. US$208 million. For more info, visit https://burnhamsterling.com. About SAF One Energy Management SAF One Energy Management Limited is a platform focused on delivering sustainable aviation fuels (SAF) to the global aviation industry. SAF One is co-founded by Novus Aviation Capital Limited (NACL) and Sencirc Holding Limited (SHL). To this partnership, Novus brings nearly 30 years of experience in investing and managing commercial aviation assets in the aviation industry. Sencirc brings decades of experience in the energy industry with domain expertise in developing, building and managing waste to value assets. Visit http://saf-one.co to find out more.