IndianOil signs MOU with LanzaJet

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

IndianOil has signed a memorandum of understanding (MOU) with LanzaJet to develop Sustainable Aviation Fuel (SAF). India’s national oil company plans to use LanzaJet’s Alcohol-to-Jet (ATJ) technology.

“IndianOil is the leader in India’s aviation fuel segment and as we move forward on the path to achieve net-zero operational emissions by 2046, we aim to enhance our basket of lower carbon fuels and this partnership will be another step in this direction which would accelerate India’s commitment to become Net Zero by 2070,”said Shri Shrikant Madhav Vaidya, chair, IndianOil. “Creating an ecosystem of SAF in India will help accelerate the energy transition and this would ensure our leadership position in the sustainable fuel segment as well.”

The two companies hope that the MOU will lead to a full joint venture in India.

“As one of the largest population centres 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, CEO, LanzaJet. “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.”