Indian Oil Corporation to tie with LanzaJet to produce clean aviation fuel

Indian Oil Corporation (IOC) is all set to sign an agreement with LanzaJet to produce cleaner aviation fuel at its Panipat refinery in northern India, Reuters reports. LanzaJet helps companies produce aviation fuel from ethanol manufactured from agricultural or industrial waste. So far LanzaJet has with Microsoft, the United States Department of Energy, Japan’s Mitsui & Co and Canada’s Suncor Energy as its investors. As of now, Indian Oil does not produce any aviation fuel from ethanol, but by 2030, about 2% of the aviation fuel produced will be SAF, S.M Vaidya,IOC’s Chairman told Reuters. Meanwhile, Indian Oil already has