The GIC focuses on accelerating the development and deployment of CCUS solutions, particularly for industries such as steel, cement, and oil refining, which face challenges in reducing emissions. The center is expected to enhance the scalability of Carbon Clean’s modular CO2 capture solution, CycloneCC, offering a practical pathway for decarbonization. “As a UK-headquartered company founded in India, this investment underscores the economic and industrial opportunities CCUS offers both countries. It also reflects our global commitment to tackling the complex challenge of industrial decarbonization at scale,” said Aniruddha Sharma, Chair and CEO of Carbon Clean.
Sharma added: “With pilot partnerships already underway in India, we are well positioned to progress rapidly from demonstration to large-scale deployment, helping industries remain competitive as regulations such as the EU and UK Carbon Border Adjustment Mechanisms come into force.” The facility strengthens collaboration between the UK and India in clean technology development.
India is targeting net-zero emissions by 2070, with CCUS playing a vital role in its climate strategy. The upcoming National CCUS Mission will offer financial incentives, including viability gap funding and carbon pricing, to encourage industries to adopt carbon capture systems. This aligns with the 2023 Carbon Credit Trading Scheme, which mandates emission reductions for high-emission sectors and supports a voluntary carbon market.
A notable CCUS project in India involves the Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation Limited (IOCL), capturing CO2 emissions at Gujarat’s Koyali refinery for storage in the Gandhar oil field. Other refiners, such as Bharat Petroleum (BPCL), plan to launch similar initiatives by 2026. International partnerships, such as Shell’s collaboration with ONGC in December 2022 for CO2 storage studies and Fugro’s work with IIT Bombay in August 2023, further support India’s CCUS efforts.
