Veolia Carbon Clean is celebrating its first project milestone in India and a new corporate identity.
The joint venture (JV) was established in December 2020 between carbon capture solutions firm Carbon Clean and resource management company Veolia. The JV aims to reduce industrial CO2 emissions and help India achieve its climate goals through the development of a series of carbon capture and compressed biogas (CBG) projects.
CCUS and biofuels (including CBG) are important components of India’s future green energy mix, as outlined in the government’s 2018 Sustainable Alternative Towards Affordable Transportation (SATAT) scheme. The scheme aims to produce 15 million tonnes of CBG from 5,000 plants by 2023, along with generating 50 million tonnes of bio-manure. Veolia Carbon Clean will finance, design, build and operate these projects.
Veolia Carbon Clean’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 Jamshedpur steel plant is capturing 5 tonnes of CO2 per day directly from the blast furnace gas and making it available for reuse onsite in a range of applications. The depleted CO2 gas is then sent back to the gas network with an increased calorific value.
This kind of affordable carbon capture technology will play a significant role in India’s transition to a low-carbon energy future. Veolia Carbon Clean will work towards making cost-effective CCUS a reality in India.
Additionally, the JV has unveiled a new brand identity, which reflects its growing ambitions in India. The circular logo blends elements of both companies’ logos to represent their collaboration and commitment to helping the country to decarbonise its economy.
“This project is a significant mark of Veolia’s commitment towards combating climate change,” said Preet Brar, CEO and country director, Veolia India. “It will bring great opportunities for Veolia Carbon Clean in implementing decarbonisation solutions.”
Aniruddha Sharma, CEO and co-founder of Carbon Clean, commented: “This is the first of many milestones for our JV with Veolia and we are excited to see how much we can achieve together. There is huge scope for our cost-effective carbon capture solutions, especially in the steel, cement and other hard-to-decarbonise industries.”