IndianOil has reported that it is working with LanzaTech (USA) to develop technology that converts CO2 into biodiesel and Omega-3 fatty acids.
S M Vaidya, the Chairman of IndianOil, said: ‘The technology of converting CO2 to lipids, developed in collaboration with LanzaTech, promises to be pathbreaking for sustainable production of biodiesel and high-value Omega-3 fatty acids, through carbon recycling. This novel technology will bring in the dual benefits of increased access to green energy and affordable nutrition to all.’
LanzaTech CEO Dr Jennifer Holmgren, added: ‘LanzaTech and the team from IOC-DBT have shown that we can take CO2, a liability for our planet, and combine it with 100% renewable hydrogen to create multiple products that we need and use every day.
‘Single-use carbon must be a thing of the past. How can we afford to waste it, when we can make sustainable food, chemicals and fuels? We can’t go back now!’
LanzaTech said that its work with IndianOil builds on its existing commercial experience in converting industrial emissions into sustainable fuels (including aviation fuel) and chemicals for consumer goods.
As Bunkerspot’s sister publication ship.energy reported earlier this week, the Asian Development Bank (ADB) recently approved a $2.5 million technical assistance (TA) to support advanced biofuel development in India.