JSW Steel Ltd, Bharat Technology and Impact Accelerator (Bharatia), and Carbon Iceland International, have signed a strategic Memorandum of Understanding (MoU) to jointly explore the development of a large-scale green methanol (e-methanol) venture in India.
JSW Steel operates combined steel production facilities across India and generates CO₂ emissions in the process of iron and steel making.
Bharatia, a non-profit foundation, operates a technology commercialization and execution programme/platform, driven by leading research institutions which include cGanga (Centre for Ganga River Basin Management and Studies) at Indian Institute of Technology, Kanpur.
Carbon Iceland International is a consortium-led platform bringing collectively global expertise in CO₂ capture, e-fuel manufacturing and commercial decarbonization. Through demonstrated technology and incorporated execution capabilities, Carbon Iceland allows quick deployment of scalable, low-risk green fuel projects.
The signing passed off recently in Oslo, Norway, for the duration of the 3rd India-Nordic Summit. Present were Mr. Sanmit Ahuja, MD & CEO, Bharatia; Mr. Naresh Lalwani, EVP, JSW; Mr. Hal Oskarsson, CEO, Carbon Iceland, and Mr. Björn I. Victorsson, Chairman, Carbon Iceland.
The proposed 300-ktpa venture is planned to use carbon dioxide (CO₂) emissions generated from JSW Steel’s operations in district Raigad, Maharashtra, and convert them into e-methanol using green hydrogen produced of renewable energy sources. The collaboration aim to establish a scalable carbon capture and utilization (CCU) pathway for the steel sector, at the same time as also supporting India’s broader energy transition and industrial decarbonization ambitions.
“The initiative targets to show how industrial emissions can be transformed into low-carbon fuels and chemical feedstocks, forming a replicable model for future green industrial infrastructure,” the corporation stated in a statement.
Phased development
As a part of the initial scope, the venture intends to evaluate the utilization of an existing high-purity CO₂ from JSW Steel’s facility, while assessing opportunities to capture additional CO₂ emissions from broader steel production operations, JSW stated. It outlines a phased development pathway progressing from feasibility evaluation and technical validation towards potential future commercial-scale implementation.
