- The proposed venture will set up a plant to make SAF with alcohol-to-jet technology at Panipat Refinery in Haryana at a cost of Rs 3,000 crore. IOCL and LanzaJet will invest Rs 1,500 crore and Rs 750 crore respectively on the proposed plant.
- As per the finalized structure of the new company, IOCL will hold 50% while LanzaJet Inc will hold 25%. The remaining 25% stake will be given to a group of airline companies.
- This proposed plant would use the technology to convert corn, cellulosic, or sugar-based ethanol into SAF. It will initially produce 85,000 metric tonnes of the fuel in a year.
- SAF is a biofuel with properties similar to conventional jet fuel, but with a smaller carbon footprint. Depending on the feedstock and the technologies used to produce it, SAF can dramatically reduce life cycle GHG emissions compared to conventional jet fuel.
- To make it - corn kernels, oil seeds, algae, other fats, oils and greases, agricultural residues, forestry residues, lumber mill waste, municipal solid waste streams, wet waste (manure, wastewater treatment sludge) and dedicated Energy crops etc. are used.
Question:
Q.1 Which company from India tied up with US-based LanzaJet Inc to set up India's first green aviation fuel firm and production unit?a. HPCL
b. Bharath Petroleum
c. Indian Oil
d. Reliance
