IOC signs MoU with LanzaJet for the development of sustainable aviation fuel (SAF)

Bengaluru :  IndianOil, India’s largest energy company, and LanzaJet, a global leader in sustainable aviation fuel (SAF) production, have signed a memorandum of understanding (MOU) to collaborate on the research and development of SAF production in India. With this collaboration, India will be better able to meet its goal of reducing carbon emissions and move towards cleaner fuels. 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, Mr. Santanu Gupta, Executive Director (Alternate Energy & Sustainable Development), and Mr. Jimmy Samartzis, CEO LanzaJet, signed the agreement during India Energy Week in Bengaluru, India.

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, Mr. Santanu Gupta, Executive Director (Alternate Energy & Sustainable Development), and Mr. Jimmy Samartzis, CEO LanzaJet, signed the agreement during India Energy Week in Bengaluru, India.

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, Mr. Santanu Gupta, Executive Director (Alternate Energy & Sustainable Development), and Mr. Jimmy Samartzis, CEO LanzaJet, signed the agreement during India Energy Week in Bengaluru, India.

Speaking at the signing of the MoU, the Chairman of IndianOil said, “IndianOil is the market leader in the aviation fuel segment in India, and as the country works towards its goal of net-zero operational emissions by 2046, it has been looking for ways to increase the variety of low-carbon fuels at its disposal. This partnership will be a big help in that regard, and it will also help India move closer to its goal of becoming carbon neutral by 2070. Facilitating the energy transition and securing our place at the forefront of the sustainable fuels market can both be achieved through the development of a SAF ecosystem in India.”

IndianOil is India’s flagship national oil company working in across the hydrocarbon value chain, i.e., 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.

LanzaJet is a leading sustainable fuels technology company dedicated to accelerating the energy transition by embracing the circular economy.

“As one of the largest population centers in the world experiencing rapid growth of energy consumption and travel, India is a critically important market as our world grapples with energy security, climate change, and economic growth challenges,” said Jimmy Samartzis, LanzaJet CEO. “Our partnership with Indian Oil Corporation is key to decarbonizing the aviation industry by enabling this region of the world to have increased access to sustainable fuel alternatives through our alcohol-to-jet technology using Indian waste and ethanol sources.”

The MOU between LanzaJet and IndianOil establishes a partnership to pursue large capacity SAF production in India using LanzaJet’s leading and proven 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.