IOC partners with LanzaJet to set up aviation fuel plant in Haryana

Tags: State News

IOC-partners-with-LanzaJet-Indian Oil Corp (IOC) partnered with LanzaJet to set up an aviation fuel plant in Haryana.

An Overview of the News

  • The aim of the collaboration is to produce sustainable aviation fuel (SAF).

  • The investment for the aviation fuel plant is around 23 billion rupees ($280.1 million).

  • IOC President S.M. Vaidya announced the partnership during an industry event in New Delhi.

  • The collaboration promotes sustainable aviation solutions in India.

  • It contributes to addressing the environmental impact of the aviation industry.

  • Sustainable aviation fuel reduces greenhouse gas emissions and mitigates climate change.

Indian Oil Corporation Limited (IOCL):

  • It is owned by the Government of India and operates as a Central Public Sector Undertaking under the Ministry of Petroleum and Natural Gas.

  • Its headquarter is in New Delhi.

  • It is a major government owned corporation and works as a public sector undertaking.

  • Its operations are monitored and regulated by the Ministry of Petroleum and Natural Gas.

  • Establishment - 30 June 1959

Headquarters - New Delhi

Chairman - Shrikant Madhav Vaidya

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