Indian Oil Corporation Limited entered into a memorandum of understanding (MOU) with LanzaJet to explore the development of sustainable aviation fuel (SAF) production in India. This partnership will strengthen India's transition to cleaner fuels and help achieve the country's carbon reduction goal. The agreement was signed by Mr. Santanu Gupta, Executive Director (Alternate Energy & Sustainable Development) and Mr. Jimmy Samartzis, CEO LanzaJet during India Energy Week in Bengaluru, India in presence of Shri Hardeep Singh Puri, Honorable Minister P&NG and H&UA, Shri Shrikant Madhav Vaidya, Chairman, IndianOil and senior officials from IndianOil and LanzaJet.

The MOU between LanzaJet and IndianOil establishes a partnership to pursue large capacity SAF production in India using LanzaJet's leading and proven Alcohol-to-Jet (ATJ) technology. The partnership will allow increased access and adoption of sustainable fuels in India by activating new technology to expand emission mitigation efforts. LanzaJet and IndianOil are working towards strategically expanding the partnership with a Joint Venture (JV) in India to deploy the LanzaJet ATJ technology.