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IOC inks agreement with VITO to produce fuels from CO2

12 Dec 2013 Evaluate

Indian Oil Corporation’s (IOC) R&D Centre and VITO, Belgium, have signed a statement of intent (SOI) for joint research into utilization of CO2 as a renewable and sustainable feedstock for the production of fuels and chemicals.

This alliance between the company and VITO is for setting up a long term multidisciplinary collaborative R&D programme in the field of bio-electrochemistry. It rides on the fact that electro-bio-catalyzed conversion of CO2 to fuels and chemicals offers new possibilities to develop innovative approaches for CO2 re-use. This research will also be beneficial to climate change mitigation.

VITO (Flemish Institute for Technological Research) is a leading European independent research and consultancy centre in the areas of clean technology and sustainable development.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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