News Release Details

IndianOil and LanzaTech sign MoU for Fuel Grade Ethanol Technology
New Delhi 14-Jan-2011

Mr. Bansal and Dr. Holmgren exchanging documents

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 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, CEO, LanzaTech and senior executives from IndianOil and LanzaTech. As a part of the collaboration, IndianOil will evaluate LanzaTech’s proprietary gas fermentation technology in one of its refineries to produce fuel grade ethanol.

“IndianOil is always looking at innovative options in augmenting its energy resources to meet the growing demand of the Indian economy and LanzaTech 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. We are determined to explore sustainable options in bio-fuels and the Ethanol blending efforts will have to be supplemented by technology solutions as well”, said Mr. B.M. Bansal.

“This collaboration will enable us to accelerate techno-economic and feasibility analyses. Our goal is to show that there will be improved profitability and an overall reduction of the carbon footprint in IndianOil refineries, also enabling it to comply with India’s renewable fuel mandates. We are pleased to have the opportunity to collaborate with IndianOil to bring a new, indigenous resource into India’s liquid transportation fuel pool, “said Dr. Holmgren.

LanzaTech is already collaborating on several international projects in the steel, coal and chemicals sectors and has expanded its portfolio to 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 is one of the world’s fastest growing economies in the world and crude oil imports are expected to exceed 80% in the next few years. The Indian Government has a National Bio-fuels policy to increase the use of alternate renewable fuels produced from sustainable and non-food sources. It requires oil companies to blend up to 5% ethanol with Petrol, rising to 10% in the near future.

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The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.