Shares Bazaar

Indian Oil Corporation signs MoU with Air India

This collaboration reaffirms IOC’s role as a trailblazer in India’s energy transition, bringing India closer to a greener, cleaner aviation future

Indian Oil Corporation (IOC) and Air India have signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking a major step towards a greener future for Indian aviation. This MoU outlines the shared commitment of both Parties to promote the adoption of low-carbon fuels in aviation, support global decarbonization goals, and contribute to the transition toward more sustainable air transport operations. 

This collaboration reaffirms IOC’s role as a trailblazer in India’s energy transition, bringing India closer to a greener, cleaner aviation future. The Corporation has become the first Indian company to receive ISCC CORSIA certification for SAF production at its Panipat Refinery. The certification granted under ICAO’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), establishes IOC’s capability to produce SAF that meets the most stringent international sustainability and lifecycle carbon emission standards.  

Indian Oil Corporation 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.