Vaisakhi Offer- Use Code VAISAKHI24

Register Now

Indian Oil and US-based LanzaJet Inc to Set up India's First Green Aviation Fuel Firm

Published on April 18, 2023
Current Context: Indian Oil and US-based LanzaJet Inc to set up a joint venture with US-based clean energy technology company LanzaJet Inc and several domestic airlines to produce Sustainable Aviation Fuel (SAF).
Indian Oil and US-based LanzaJet Inc to Set up India's First Green Aviation Fuel Firm
  • 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.


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?
b. Bharath Petroleum
c. Indian Oil
d. Reliance
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu