Indian Oil Corporation (IOC) on 31 March 2010 signed an MoU with UOP LLC, a
unit of Honeywell International Inc, for joint research and development into
bio-fuel production in India.
The two companies are likely to jointly evaluate setting up of a demonstrable
scale renewable diesel unit at an existing location of IOC using non-food
feedstock available in India. IOC and UOP are also planning to explore efficient
production of other bio-fuels, including ethanol and aviation fuel.