Indian Oil Corporation is exploring opportunities to create bio-jet fuel production capability through collaborations with overseas firms, and has tied-up with Pratt & Whitney of Canada (a world leader in the design, manufacture and service of aircraft engines) and select Canadian universities for the purpose, according to press release issued by the company.
Quoting Mr R.S. Butola, Chairman, IndianOil, who was here to address the Corporation's 18th International Aviation Conference , the release says that as a leader in the aviation fuel business with over 63 per cent market share, IndianOil is ready to take on future challenges to sustain its leadership status in a highly competitive market. With the Indian aviation sector expected to generate approximately 2.6 million jobs in the next 10 years, the company will be undertaking mega aviation-related projects to expand and upgrade its countrywide aviation fuelling infrastructure to be able to meet the growing demands of its stake-holders.
IndianOil caters to over 140 domestic and international airlines, besides the defence services. With India consuming about 6 million tonnes of aviation fuel a year from over 120 airfields currently, IndianOIl is focussing on enhancing its refuelling capabilities, including connecting its bulk fuel storage points to major airports through dedicated pipelines to ensure economical operations.