“Carbon capture can complement renewables in India’s energy transition towards a greener and cleaner future”, says Atanu Mukherjee, CEO, Dastur Energy Inc.
“As the clock keeps ticking on the burning issue of climate change, a robust CCUS policy framework makes not only climate sense but also economic sense.” - Atanu Mukherjee, CEO, and Saurav Chatterjee, Consulting Leader, Dastur Energy
India now has a clear cut policy framework, a road map to decarbonise by half carbon dioxide emission from the hard-to-abate sectors by 2050. NITI Aayog has come up with its policy framework: “Carbon Capture, Utilisation and Storage (CCUS) Policy Framework and its Deployment Mechanism in India”. The report was jointly prepared by NITI Aayog and MN Dastur & Company and after series of parleys and suggestions and feedback from the Union Ministry of Power, Union Ministry of Coal, Union Ministry of Environment, Union Ministry of Steel, Department of Science and Technology, NTPC, ONGC, SAIL, GAIL, BHEL, IOC, Dastur, Tata Steel and other stakeholders.
Atanu Mukherjee, CEO, Dastur Energy presents and discusses the recently launched NITI Aayog funded report, "CCUS Policy Framework and Deployment Mechanism in India" at the Clean Energy Ministerial’s CCUS Initiative Webinar held on December 15, 2022.
Carbon Capture Utilisation and Storage (CCUS), the technology for decarbonising carbon dioxide (CO2) from high polluting sectors such as steel, cement, oil, gas, petrochemicals, chemicals and fertilisers, has a critical role to play for the country to halve CO2 emissions by 2050, says a report on the policy framework of the CCUS prepared by the Niti Aayog and MN Dastur & Company. The report, released here on Tuesday by Niti Aayog Vice-Chairman Suman K. Bery, also said the CCUS technology would help in promoting the low carbon-hydrogen economy and in removal of the CO2 stock from the atmosphere.
Dastur and Air Liquide have been awarded an important US DOE funded FEED study for the design and engineering of an industrial scale carbon capture plant at Air Liquide’s Steam Methane Reformer on the US Gulf Coast.
Icelandic environmental technology company Carbon Recycling International (CRI) and Dastur Energy Pvt Ltd, the Indian subsidiary of US based Dastur Energy and a part of the Dastur group of companies, have signed an important partnership agreement for marketing, business development, technology licensing, design and engineering of CO2 to Methanol projects based on CRI’s ETL technology in India.
Speaking exclusively to Bizz Buzz, Atanu Mukherjee, president & CEO, Dastur group of companies, and chairman of AmCham-East, explains how India should make best use of the situation and emerge as the global manufacturing hub over the next 15 years or so.
Atanu Mukherjee, CEO, Dastur Energy talks at CERAWeek 2022 about Building Commercial-scale Carbon Capture Systems for Deep Decarbonization of the Industry. Economically viable and effective decarbonization of the industry requires a broad based and holistic approach to large scale carbon capture applied across the manufacturing value chain. It needs to optimize and integrate feedstocks, production, technology, scale, economics, and policy. Dastur Energy presents a systems approach to deep decarbonization for hard to decarbonize sectors like steel, cement, hydrogen, and petrochemicals.
Dastur Energy Pvt Ltd has entered into a tie-up with the Advanced Resources International and IIT Bombay for geological mapping to enable largescale storage of carbon dioxide.