SunstarTVBureau: IndianOil and carbon recycling biotechnology developers LanzaTech (USA) jointly hosted a virtual global media meet on the theme “Circular Economy Vision – CO2 Valorisation” to share details about the collaboration of two companies for a CO2 project and related vision of the future.
This joint project has developed a novel integrated carbon capture and utilization (CCU) process that converts carbon dioxide (CO2) into commercial-grade Omega-3 fatty acid esters and biodiesel.
This event was attended by, Mr Tarun Kapoor, Secretary, Ministry of Petroleum & Natural Gas; Dr Renu Swarup, Secretary, Department of Bio-Technology (DBT); Mr S M Vaidya, Chairman, IndianOil, Dr Jennifer Holmgren, CEO, LanzaTech and Dr S S V Ramakumar, Director (R&D), IndianOil.
Mr Tarun Kapoor, Secretary, MoP&NG said “We are very keen on bio-fuels, and while a lot is happening in the area of ethanol and biofuel, we are looking for technologies that would enable sustainable and economically viable production of biodiesel. The collaboration between DBT-IndianOil and Lanzatech offers a great opportunity, and we look forward to their success”.
Mr S M Vaidya, Chairman, IndianOil elaborated “The technology of converting CO2 to lipids, developed in collaboration with LanzaTech, promises to be pathbreaking for sustainable production of biodiesel & 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.”
Dr Renu Swarup, Secretary DBT remarked, “We are proud to have set up the DBT-IndianOil R&D centre as it combines the expertise of two strong technological groups. In the last few years, this centre has set examples of excellence by bringing out several novel technologies.”