![]() ![]() The report talks about the global effort to use CCUS as a tool and talks about lessons India can learn from the UK and China. The stored CO 2 is effectively isolated from the atmosphere, mitigating its impact on climate change.Ī policy brief published by the Indian Council for Research on International Economic Relations (ICRIER) provides insights into the process and importance of CCS in reducing CO 2 emissions. CCS involves capturing CO 2 emitted from specific sources, transporting it to predetermined locations, and storing it securely. Carbon Capture and Storage (CCS) focuses on preventing the release of CO 2 into the atmosphere. ![]() Captured carbon can also be converted into fuels such as methane, methanol, aviation, and gasoline.Īdditionally, it can be used to create construction materials, chemicals, plastics, and products derived from algae, such as fertilisers and animal feed. Oil India Limited (OIL) is yet to decide on its net zero goal.ĭirector General of Gujarat Energy Research and Management Institute (GERMI), Biswajit Roy, said that it is a well-understood fact that oil and coal will stay in India, but these companies are serious about their emissions and taking several measures to deal with them to cut down further emissions, he said.ĬCU, which stands for Carbon Capture and Utilisation, involves recycling captured carbon to produce economically valuable products or services. HPCL, BPCL, and GAIL have set the deadline to achieve net zero by 2040. ONGC targetting net zero by 2050, IOCL plans to achieve it by 2046. The majority of these companies have set targets to achieve zero emissions through renewable energy, such as solar, wind, biofuel, green hydrogen as well as CCUS technologies. ![]() The Gas Authority of India Limited (GAIL) has also implemented a pilot project for fixing CO 2 using microalgae, which will convert inorganic carbon into organic compounds, in an artificial pond at its Pata petrochemical complex in Uttar Pradesh. CCUS technology is also part of the transition strategies of Bharat Petroleum Corporation Limited (BPCL), which aims to implement new CCUS technology by 2026 in its refinery, and of Hindustan Petroleum Corporation Limited (HPCL), which plans to install a carbon capture unit in Visakh refinery in Andhra Pradesh by December 2023. The project will capture CO 2 emissions at the refinery that will be transported through pipelines to the Gandhar oil field, owned by ONGC, where, as per media reports, carbon will be stored.Īs part of IOCL’s net-zero strategy, it aims at mitigating more than 40 per cent of its emissions through carbon-negative technologies such as CCUS and tree plantation. ONGC, in partnership with the Indian Oil Corporation (IOCL), another public sector oil producer, is also working on India’s first industrial-scale carbon capture project at the Koyali refinery. ![]() India’s Oil and Natural Gas Corporation (ONGC), a government-owned oil and gas explorer and producer, recently signed a Memorandum of Understanding (MoU) with Norway-based energy company Equinor to explore opportunities in low-carbon and renewable sectors, specifically focusing on CCUS. The captured CO 2 is either used onsite or compressed and transported to be used in a range of applications, or injected into geological formations which trap the CO 2 for permanent storage. Public sector oil and gas companies in India are actively embracing emission-reduction strategies such as Carbon Capture, Utilisation, and Storage (CCUS) as India targets net zero by 2070.ĬCUS is a common strategy across India’s oil and gas majors, as revealed in an April 2023, report, The Green Shift – The low carbon transition of India’s oil and gas sector, released by the Ministry of Petroleum and Natural Gas (MoPNG), which highlights the energy transition plans of domestic public sector oil and gas companies.ĬCUS technologies capture carbon dioxide from large point sources, such as power generation or industrial facilities that use either fossil fuels or biomass for fuel. ![]()
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