Indian Oil Corp (IOC) will set up an 80,000 tonnes sustainable aviation fuel plant with LanzaJet in Haryana. This was disclosed by the chairman of the refinery S M Vaidya. The purpose of the plant is to meet the surging demand for eco-friendly fuel.
The move to establish the facility would help deal with availability issues as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals.
The company is looking at an investment of about 23 billion rupees ($280.1 mn), The refiner is also running a pilot project for green fuel in association with Praj Industries in the western state of Maharashtra.
Recent Posts
Ammonia
Reliance Industries Limited (RIL) has signed a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation for the export of green ammonia over a 15-year period.
Bunkering
Ofiniti Raises $6.8 Million to Scale Digital Bunkering Platform for Global Shipping
Hydrogen
Hefring Marine and Ecomar Propulsion partner to deploy monitoring system on hydrogen-electric vessel