Indian Oil Corporation and carbon recycling company LanzaTech is planning to set up world’s first refinery off gas-to-bioethanol production facility at IOC’s Panipat refinery. The project cost is estimated at Rs. 3500 million. The ethanol produced from the recycling of refinery off-gases can have a greenhouse gas emissions savings of 70 per cent compared to conventional gasoline. The biofuels we will be able to produce will support the requirements for motor spirit blends set by the government of India while enabling Indian Oil to add value while reducing its emissions. Currently, India can produce 40-50 million litres of ethanol per refinery while saving about one million tonnes of carbon-di-oxide per annum. This is equal to taking 850,000 cars off the road in India each year.
Company Profile : Indian Oil Corp Ltd