IndianOil and LanzaTech sign a Statement of Intent to Construct

Sarkaritel
By Sarkaritel July 10, 2017 17:34

IndianOil and LanzaTech sign a Statement of Intent to Construct


Istanbul July 10th 2017 Indian Oil Corporation Limited (IndianOil), India’s flagship national oil company and, LanzaTech, carbon recycling company, have signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.

LanzaTech has developed a gas fermentation process to make fuels and chemicals. Instead of sugars and yeast, the company uses a biological catalyst to ferment waste gas emissions. The large volume of waste gas produced at industrial facilities such as refineries cannot be stored or transported; rather it must be combusted to make power locally and emitted as carbon dioxide (CO2). Power can be carbon-free, and in India today, the cost of renewable power has fallen below the cost of coal, accelerating the transition to a carbon-free grid. LanzaTech’s technology allows refineries to divert waste gases from the grid, supporting the transition to fully renewable power while recycling this carbon into liquid fuels and petrochemicals.

Sarkaritel
By Sarkaritel July 10, 2017 17:34