Tag: IOCL

Deal Flow for 1/13/22: Solvay, Trillium, LanzaJet, Microsoft CIF, Maersk, Hyundai Heavy, Liquid Wind, Neste, Ørsted, Ballard

Deal Flow for 1/13/22: Solvay, Trillium, LanzaJet, Microsoft CIF, Maersk, Hyundai Heavy, Liquid Wind, Neste, Ørsted, Ballard

January 12, 2022 |

LanzaJet secures $50M from Microsoft CIF for first commercial SAF plant LanzaJet, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investment to support the construction of LanzaJet’s (and the world’s) first alcohol-to-jet sustainable aviation fuel (SAF) […]

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Indian oil companies seen backtracking from 2G commitments

Indian oil companies seen backtracking from 2G commitments

March 22, 2021 |

In India, Mint reports Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) are backtracking on their commitments to build second generation ethanol facilities, finding it too difficult to do so and costing 10 times as much to do as first generation, so they will instead focus on […]

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Indian oil companies to invest $586 million in seven 2G ethanol plants

Indian oil companies to invest $586 million in seven 2G ethanol plants

November 21, 2016 |

In India, Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) announced they will invest $586 million in developing seven second-generation ethanol plants to help the government achieve its 22.5% ethanol blending goals. Each facility is planned to produce between 100,000 and 150,000 liters of ethanol per day […]

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