Indian Oil Corp and LanzaJet to Establish Sustainable Aviation Fuel Plant in Haryana

Indian Oil Corp (IOC) has partnered with LanzaJet to establish a cutting-edge sustainable aviation fuel (SAF) plant in Haryana. This groundbreaking initiative will help India fulfill its climate change commitments while bolstering the aviation sector. By utilizing LanzaJet’s Alcohol-to-Jet (ATJ) technology, the plant aims to produce 1 million tonnes of SAF per year, contributing to a greener and more sustainable future.

Key Details of the Project:

• The SAF plant will be commissioned by 2025 at IOC’s Panipat refinery in Haryana.
• The plant’s annual production capacity will be 1 million tonnes of SAF.
• The project cost is estimated at $280 million, to be funded through a combination of debt and equity.
• LanzaJet will provide the ATJ technology and become a minority shareholder in the project.

Benefits of Sustainable Aviation Fuel:

1. Greenhouse Gas Emission Reduction: SAF helps to lower greenhouse gas emissions from aviation, supporting efforts to combat climate change.
2. Cleaner-Burning Fuel: SAF is known for its cleaner-burning properties compared to traditional jet fuel, resulting in improved air quality.
3. Renewable Resource: SAF is produced from renewable resources, such as biomass and waste, reducing dependency on fossil fuels.
4. Job Creation: The establishment of SAF plants stimulates job opportunities in the renewable energy and aviation sectors.

Impact on the Environment and Aviation Industry: The partnership between IOC and LanzaJet marks a significant milestone for the global SAF market. As the first major SAF project in Asia, this initiative will contribute to the growth and adoption of SAF in the region. By producing cleaner-burning fuel and reducing greenhouse gas emissions, the plant aligns with the objectives of the Paris Agreement and demonstrates India’s commitment to sustainable development. Furthermore, the project will support the expansion of the country’s aviation sector, creating employment opportunities while fostering environmental stewardship.

The collaboration between IOC and LanzaJet to establish an SAF plant in Haryana represents a pivotal step towards a more sustainable aviation industry. By leveraging LanzaJet’s ATJ technology, the plant aims to produce 1 million tonnes of SAF annually, contributing to greenhouse gas reduction and improved air quality. With its potential to create jobs and mitigate the environmental impact of aviation, SAF represents a promising solution for a greener and more sustainable future.