Essar Future Energy signs MOU with LX International for Indian SAF refinery

In India, Essar Future Energy Limited (EFEL) has signed a Memorandum of Understanding (MoU) with LX International (LXI) to jointly advance the development of a Sustainable Aviation Fuel (SAF) biorefinery in India.
This strategic partnership establishes a comprehensive framework across feedstock sourcing, product offtake, and financing—enabling scale, security, and global market access for SAF production.

Key highlights:

·      Feedstock Supply: LXI will leverage its established Southeast Asia network to supply

·      Used Cooking Oil (UCO) and other key feedstocks to EFEL.
Product Offtake: LXI will act as a strategic offtake partner, supporting global SAF market access

·      Financing Support: LXI will facilitate access to funding through Korean financial institutions and export credit agencies.