Indian Oil Corporation (IOC) and LanzaTech (USA) have jointly hosted a virtual global media meet on the theme ‘Circular Economy Vision - CO2 Valorization’ to share details about the collaboration of two companies for a CO2 project and related vision of the future, where carbon turns from liability to a sustainable opportunity for all.
A cutting edge carbon recycling technology has been developed over the last six years in India, that uses two primary ingredients, CO2 and H2, to produce sustainable fuels, chemicals and food for our daily lives. The DBT- IOC Centre for Advanced Bio-Energy Research (an entity co-funded by India's Department of Biotechnology and Indian Oil Corporation) and the revolutionary carbon recycling company, LanzaTech, have been working on this platform since 2014 when they first demonstrated production of omega-3 fatty acids from CO2. Together, they have integrated two cutting edge technologies to enable direct conversion of CO2 to value-added products.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
Company Name | CMP |
---|---|
Reliance Industries | 2954.55 |
Indian Oil Corp. | 170.30 |
BPCL | 626.80 |
HPCL | 536.25 |
MRPL | 215.15 |
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