Indian Oil Corporation Ltd. (IndianOil), India’s leading energy company, today signed a memorandum of understanding (MOU) with LanzaJet, a leading sustainable fuels technology company and producer of sustainable fuels, to investigate the development of sustainable aviation fuel (SAF) production in India. According to the press release, this collaboration will help India transition to cleaner fuels and achieve the country’s carbon reduction goal.
The agreement was signed during India Energy Week in Bengaluru, India, by Mr Santanu Gupta, Executive Director (Alternate Energy & Sustainable Development), and Mr Jimmy Samartzis, CEO LanzaJet, in the presence of Shri Hardeep Singh Puri, Honorable Minister P&NG and H&UA, Shri Shrikant Madhav Vaidya, Chairman, IndianOil, and senior officials from IndianOil and LanzaJet.
IndianOil is India’s flagship national oil company, operating throughout the hydrocarbon value chain, including refining, pipeline transportation, crude oil and gas production, gas marketing, and alternative energy sources. India’s energy transition will be critical in global energy markets as a rapidly developing country. Therefore, IndianOil is implementing mitigation measures such as sustainable fuel alternatives to help the country meet its ambitious clean energy targets.
LanzaJet is a leading sustainable fuels technology company committed to accelerating the energy transition by adopting the circular economy.
LanzaJet and IndianOil have signed an MOU to pursue large-scale SAF production in India using LanzaJet’s leading and proven Alcohol-to-Jet (ATJ) technology. The collaboration will increase access to and adoption of sustainable fuels in India by utilising new technology to expand emission reduction efforts. In addition, LanzaJet and IndianOil are working to strategically grow their partnership by forming a Joint Venture (JV) in India to deploy LanzaJet ATJ technology.