Indian Oil Corporation has entered into a memorandum of understanding (MoU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. This partnership will strengthen India’s transition to cleaner fuels and help achieve the country’s carbon reduction goal.
The agreement was signed by Santanu Gupta, executive director and Jimmy Samartzis, CEO LanzaJet during India Energy Week in Bengaluru, India, in presence of Shri Hardeep Singh Puri, Minister P&NG and H&UA, Shri Shrikant Madhav Vaidya, chairman of Indian Oil and senior officials from Indian Oil and LanzaJet.
The Indian Oil chairman said: “Indian Oil is the leader in India’s aviation fuel segment and as we move forward on the path to achieve net-zero operational emissions by 2046, we aim to enhance our basket of lower carbon fuels and this partnership will be another step in this direction which would accelerate India’s commitment to become net-zero by 2070.
“Creating an ecosystem of SAF in India will help accelerate the energy transition and this would ensure our leadership position in the sustainable fuel segment as well.”
Indian Oil is India’s flagship national oil company working in across the hydrocarbon value chain, is adopting mitigation efforts such as sustainable fuel alternatives to further advance the country’s ambitious clean energy goals.
LanzaJet is a leading sustainable fuels technology company dedicated to accelerating the energy transition by embracing the circular economy.
“As one of the largest population centres in the world experiencing rapid growth of energy consumption and travel, India is a critically important market as our world grapples with energy security, climate change, and economic growth challenges,” said Samartzis, the LanzaJet CEO. “Our partnership with Indian Oil Corporation is key to decarbonising the aviation industry by enabling this region of the world to have increased access to sustainable fuel alternatives through our alcohol-to-jet technology using Indian waste and ethanol sources.”
The MoU between LanzaJet and Indian Oil establishes a partnership to pursue large capacity SAF production in India using LanzaJet’s leading and proven Alcohol-to-Jet (ATJ) technology.
Popular News Stories
LATEST VIDEOSNeste - How can we reduce the emissions from aviation?
BDI's statement against ReFuelEU