IOC to set up aviation fuel plant with LanzaJet in Haryana

IOC to set up aviation fuel plant with LanzaJet in Haryana

Daily Current Affairs   /   IOC to set up aviation fuel plant with LanzaJet in Haryana

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Category : Business and economics Published on: June 17 2023

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  • Indian Oil Corp IOC will set up an 80,000 tonnes sustainable aviation fuel plant with LanzaJet in Haryana.
  • 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).
  • Sustainable aviation fuel reduces greenhouse gas emissions and mitigates climate change.
  • Indian Oil Corporation Limited 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.
  • Its Present Chairman is Shrikant Madhav Vaidya.
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