![]() Veolia Carbon Clean will continue to work towards making cost-effective CCUS a reality in India. This kind of affordable carbon capture technology will play a significant role in India’s transition to a low carbon energy future. The depleted CO 2 gas is then sent back to the gas network with an increased calorific value. The Jamshedpur steel plant is capturing 5 tons of CO 2 per day directly from the blast furnace gas and making it available for onsite reuse in a variety of applications. The joint venture’s first project milestone is a two-year contract with Tata Steel for the operation and maintenance of the first carbon capture plant for a blast furnace in India. ![]() The joint venture is committed to reducing industrial carbon dioxide emissions and helping India achieve its climate goals through the development of a series of carbon capture and compressed biogas (CBG) projects. (Release ID: 1879865) Visitor Counter : 10873Veolia Carbon Clean - a joint venture between Carbon Clean (London) and Veolia (Paris, France) - is celebrating its first project milestone and revealing a new corporate identity. The report indicates that CCUS can provide a wide variety of opportunities to convert the captured CO2 to different value-added products like green urea, food and beverage form application, building materials (concrete and aggregates), chemicals (methanol and ethanol), polymers (including bio-plastics) and enhanced oil recovery (EOR) with wide market opportunities in India, thus contributing substantially to a circular economy. “India’s dependency on the fossil-based Energy Resources is likely to continue in future, hence CCUS policy in Indian Context is needed” said Dr. It estimates that about 750 mtpa of carbon capture by 2050 can create employment opportunities of about 8-10 million on full time equivalent (FTE) basis in a phased manner. Implementation of CCUS technology certainly be an important step to decarbonise the hard-to-abate sector.ĬCUS projects will also lead to a significant employment generation. “CCUS can enable the production of clean products while still utilizing our rich endowments of coal, reducing imports and thus leading to an Atmanirbhar Indian economy.” said Suman Bery, Vice Chairman, NITI Aayog. ![]() The report outlines broad level policy interventions needed across various sectors for its application.Īs, India has updated its NDC targets for achieving 50% of its total installed capacity from non-fossil-based energy sources, 45% reduction in emission intensity by 2030 and taking steps towards achieving Net Zero by 2070, the role of Carbon Capture, Utilisation, and Storage (CCUS) becomes important as reduction strategy to achieve decarbonization from the hard-to abate sectors. The report explores the importance of Carbon Capture, Utilisation, and Storage as an emission reduction strategy to achieve deep decarbonization from the hard-to-abate sectors. CCUS is key to ensuring sustainable development and growth in India, particularly for the production of clean products and energy, leading to an Atmanirbhar BharatĪ study report, titled ‘Carbon Capture, Utilisation, and Storage Policy Framework and its Deployment Mechanism in India’, was released today.
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