IOC signs MoU with LanzaTech
New Delhi   19-Jan-2011

State-owned IndianOil (IOC) on Tuesday said it has signed an agreement with LanzaTech, a leading clean energy technology company, for production of fuel grade ethanol. A Memorandum of Understanding (MoU) was signed "for collaboration in a technology demonstration that will enable IOC to produce fuel grade ethanol," the company said. The MOU was signed by Mr Sharat Meshram, executive director (petrochemicals), IOC and Mr Prabhakar Nair, vice-president (business development), Asia Pacific, LanzaTech. "IOC will evaluate LanzaTech's proprietary gas fermentation technology in one of its refineries to produce fuel grade ethanol," it said.