News Release Details

IOC-DBT and LanzaTech sign agreement for development of micro-algae technology
New Delhi 19-Jul-2013

Aim to boost biofuel research in India

In a significant development aimed at boosting research in bio-fuels in the country on micro-algae technology, IndianOil and the Department of Biotechnology (DBT) have jointly set up a Centre for Advanced Bio-Energy Research. This Centre is located on the campus of IndianOil's R&D Centre at Faridabad. Now, this IOC-DBT Centre for Advanced Bio-Energy Research has signed an agreement with LanzaTech, USA, to further develop IOC-DBT's micro-algae technology.

This agreement was signed recently in the august presence of Dr. Vijay Raghwan, Secretary, DBT; Mr. R S Butola, Chairman, IndianOil, Dr. RK Malhotra, Director (R&D), IndianOil; Mr. AMK Sinha, Director (Planning & Business Development), IndianOil; Dr. Renu Swarup, Adviser, DBT; by Dr. D K Tuli, Executive Director and Centre Coordinator, IOC-DBT Centre and Dr. Jennifer Holmgren, CEO, LanzaTech. This agreement entails development of an acetate-to-lipids pathway, and evaluation of its suitability for LanzaTech's CO₂ gas fermentation technology. This research will enable tying up algae growth to the waste gas fermentation process of producing ethanol. All the patents and commercial rights shall be vested in the IOC-DBT Centre.

Microalgae are microscopic organisms capable of producing lipids which can be easily converted to liquid bio-fuels and even aviation fuels. Acetates, a byproduct of several commercial process, is a cost effective source used for boosting algal growth. Realising the potential of microalgae to produce biofuels, extensive efforts are underway globally to improve the strains of microalgae and their growth profile. IndianOil, through its DBT-IOC Centre located at Faridabad, has been actively pursuing development of microalgae as a source of alternative fuel.

LanzaTech is a leading company with a rich technology portfolio for conversion of waste gases from steel mills into ethanol through bio-fermentation (this process also produces acetate).

The IOC-DBT Centre for Advanced Bio-Energy Research is jointly and equally funded by the Department of Biotechnology (DBT), Ministry of Science and Technology, Government of India; and IndianOil. This Centre is committed to advanced bio-energy research addressing the second and third generation bio-fuels. LanzaTech, USA, is a technology company principally engaged in the development and commercialisation of bio-energy solutions.

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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.
ndianOil 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.
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