Carbon Capture, Utilization, and Storage (CCUS)
Transforming Challenges into Opportunities: Achieving Net-Zero Emissions
We are dedicated to transforming carbon dioxide into valuable resources, including chemicals and fuels, turning challenges into opportunities.
India is making steady progress toward its climate objectives, targeting net-zero emissions by 2050. Key interim goals include reducing CO₂ emissions by 50-60% by 2050 and lowering intensity by 45% by 2030.
India has recently launched CCUS applications in the steel and cement sectors, aiming to capture 50 million tons of CO₂ by 2030.
The Significance of Carbon Capture, Utilization, and Storage (CCUS)
- Role in Emission Reduction:
- Coal-based energy: Contributes 900 million tons of CO₂ annually.
- Heavy industries: Account for 30% of emissions.
- By 2050: Potential to reduce emissions by 329 million tons of CO₂ equivalent per year.
- Socio-Economic Benefits:
- Creates up to 2 rural jobs per megaton of CO₂ stored.
- Boosts oil production by 30% through CO₂ injection.
- Helps steel and cement industries meet global carbon compliance, enhancing export competitiveness.
- Infrastructure Development:
- Current stage: Early development with pilot projects.
- Need: Commercial-scale CCUS infrastructure for full potential and global decarburization leadership.
- Future of CO₂ Utilization:
- Market growth potential: Estimated to reach $100 billion by 2030.
- Strategic Importance for India:
- Supports climate goals and energy security.
- Turns environmental challenges into opportunities for economic growth and sustainability.
