* Indian Oil Corporation (IOC) is planning to set up a joint venture with US-based clean energy technology company LanzaJet Inc and multiple domestic airlines for production of sustainable aviation fuel (SAF), people aware of the development said.
* The proposed venture will set up a plant to make SAF with alcohol-to-jet technology at the state-run company’s Panipat refinery in Haryana at a cost of Rs 3,000 crore.
* IOC will possess a 50% share, while LanzaJet Inc will hold a 25% share..
Source : India Times
