Auckland,14th January 2011 IndianOil, India’s flagship petroleum major, and LanzaTech, a leading clean energy technology company, have signed a Memorandum of Understanding (MOU) for collaboration in a technology demonstration that will enable IndianOil to produce fuel grade ethanol.
The MOU was signed in New Delhi by Mr Sharat Meshram, Executive Director (Petrochemicals) IndianOil and Mr Prabhakar Nair, Vice President (Business Development, Asia Pacific) LanzaTech, in
the presence of Mr B M Bansal, Chairman, IndianOil and Dr Jennifer Holmgren, Chief Executive, LanzaTech.
IndianOil will evaluate LanzaTech’s proprietary gas fermentation technology in one of its refineries producing fuel grade ethanol. Mr Bansal said IndianOil was always looking at innovative options in augmenting its energy resources to meet the growing demand of the Indian economy.
“LanzaTech’s technology is likely to support our efforts by harnessing fuel grade ethanol from waste gas stream for partly meeting the requirements for MS blends in the future,” Mr Bansal said.
“We are determined to explore sustainable options in biofuels and the ethanol blending efforts will have to be supplemented by technology solutions as well.”
“Our goal is to show that there will be improved profitability and an overall reduction of the carbon footprint in IndianOil refineries,” Dr Holmgren said. “It will also enable IndianOil to comply with that country’s renewable fuel mandates. We are pleased to collaborate with IndianOil to bring a new, indigenous resource into India’s liquid transportation fuel pool.”
LanzaTech is already collaborating on several international projects in the steel, coal and chemicals sectors and has expanded its portfolio from the production of low cost fuel ethanol from non‐food
renewable resources to include production of 2,3‐Butanediol (2,3‐BD), a key building block used to make polymers, plastics and hydrocarbon fuels.
India crude oil imports are expected to exceed 80% in the next few years. India’s National Biofuels policy is to increase the use of alternate renewable fuels produced from sustainable, non‐food
sources and now requires oil companies to blend up to 5% ethanol with petrol.