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Indian Oil to sign MoU with LanzaJet for sustainable aviation fuel

Indian Oil Corp will sign a memorandum of understanding with sustainable fuel tech provider LanzaJet to produce sustainable aviation fuel at its Panipat refinery, its chairman told Reuters

Indian Oil Corporation, IOC
Reuters BENGALURU
1 min read Last Updated : Feb 06 2023 | 12:02 PM IST

BENGALURU (Reuters) - Indian Oil Corp will sign a memorandum of understanding with sustainable fuel tech provider LanzaJet to produce sustainable aviation fuel at its Panipat refinery in northern India, its chairman told Reuters on Monday.

The company has a tie up with LanzaTech for converting waste gas to ethanol, and U.S.-based LanzaJet will be helping in upgrading ethanol to jet fuel.

By 2030, 2% of aviation fuel will be sustainable aviation fuel, Chairman S. M. Vaidya told Reuters on the sidelines of India Energy Week in Bengaluru.

 

(Reporting by Nidhi Verma, Writing by Mohi Narayan; Editing by Rashmi Aich)

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Topics :Aviation fuelIndian Oil Corporation

First Published: Feb 06 2023 | 12:02 PM IST

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