Punjab, April 6 -- HOUSTON and NAGPUR, India, April 6, 2026 /PRNewswire/ -Sustainable fuel technology provider Velocys and Varhad Capital Pvt Ltd (Varhad), an India-based Biofuel and Carbon Dioxide Removal (CDR) project development company, today announced the signing of a Memorandum of Understanding (MOU) to advance a new generation of biomass-to-Sustainable Aviation Fuel (SAF) projects in India. The SAF opportunity in India is driven by abundant agricultural residues, rapidly growing aviation demand, and policy focus on domestic production. The challenge lies in delivering SAF at a favorable cost and scale.Under the MOU, the companies will engineer and design scalable biomass-to-SAF facilities using indigenous agricultural residues as fee...