IndianOil and LanzaJet to pursue large-scale SAF production
Indian Oil Corporation Ltd. (IndianOil) has signed a memorandum of understanding (MOU) with LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, to explore the development of sustainable aviation fuel (SAF) production in India.
The MOU between LanzaJet and IndianOil establishes a partnership to pursue large-scale SAF production in India using LanzaJet’s Alcohol-to-Jet (ATJ) technology. The partnership will allow increased access and adoption of sustainable fuels in India by activating new technology to expand emission mitigation efforts. LanzaJet and IndianOil are working towards strategically expanding the partnership with a joint venture (JV) in India to deploy the LanzaJet ATJ technology.
The 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 for Alternate Energy & Sustainable Development of IndianOil, and Jimmy Samartzis, CEO of LanzaJet, during India Energy Week in Bengalore, India.
Also present during the signing of the agreement were Honorable Minister for Petroleum and Natural Gas (P&NG) and H&UA, Hardeep Singh Puri; IndianOil Chairman Shrikant Madhav Vaidya, and senior officials from both IndianOil and LanzaJet.
“IndianOil 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,” said Vaidya.
IndianOil is India’s flagship national oil company, working across the hydrocarbon value chain, including refining, pipeline transportation, production of crude oil and gas, gas marketing, and alternative energy sources. As a rapidly developing country, India’s energy transition will play a pivotal role in global energy markets. IndianOil is adopting mitigation efforts such as sustainable fuel alternatives to further advance the country’s ambitious clean energy goals.