IOC to set up aviation fuel plant with LanzaJet

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.