IndianOil, LanzaTech to produce fuel ethanol

Indian Oil Corp. (IOC) and New Zealand-based clean energy technology company LanzaTech have signed a memorandum of understanding (MOU) to collaborate in a technology demonstration that will enable IOC to produce fuel ethanol. IOC Executive Director (Petrochemicals) Sharat Meshram and LanzaTech Vice President (Business Development, Asia Pacific) Prabhakar Nair, in the presence of IOC Chairman B.M. Bansal and LanzaTech CEO Jennifer Holmgren signed the MOU in New Delhi. Holmgren said the collaboration will enable the parties to accelerate techno-economic and feasibility analysis. “Our goal is to show that there will be improved profitability and an overall reduction of the carbon footprint in IndianOil refineries,” Holmgren said. (January 15, 2011)