Dastur Selected to Design and Evaluate Techno-Economic Feasibility of India’s Largest Carbon Capture and Utilization Project at IOCL’s Flagship Koyali Refinery

Dastur Selected to Design and Evaluate Techno-Economic Feasibility of India’s Largest Carbon Capture and Utilization Project at IOCL’s Flagship Koyali Refinery
  • Businesswire
  • January 14, 2021

The project is funded by the United States Trade and Development Agency (USTDA), as part of its mission to promote the development of sustainable infrastructure projects and fostering economic growth in partner countries like India. “This project is an ideal example of the ground-breaking work USTDA supports and makes possible,” said Todd Abrajano, Chief Operating Officer and Head of the Agency. “This innovative solution – the first of its kind in India – is showing how American technology can help reduce GHG emissions in refinery operations while enhancing the energy security of India through EOR.”

Atanu Mukherjee, President and Chief Executive Officer of Dastur, said, “Close on the heels of our recent US Department of Energy win to implement industrial carbon capture at Arcelor Mittal Burns Harbor USA and a landmark project at a Middle East national oil major to implement carbon capture for the lowest cost EOR, I am delighted that Dastur will be able to apply its expertise along with Air Liquide and UT-BEG, to chart the path for the first CCUS project in India of this magnitude. Industrial scale carbon capture and utilization through EOR can be an economically attractive model for India in reducing carbon emissions, enhancing energy security and contributing to the vision of an Atma Nirbhar Bharat.”

Shri S.S.V. Ramakumar, Director (R&D) and Board member of IOCL said, “This sustainability initiative from IOCL is probably the first of its kind industrial scale carbon capture project in a large refinery in India. IOCL hopes to capture over 250-500 thousand tons of CO₂ in a year initially and to use the CO₂ for cost-effectively enhancing oil production from ONGC’s oil fields. In this ambitious and path breaking project, we were pleased to receive global interest from many global firms. We are happy that Dastur Energy along with Air Liquide and the UT Austin, Bureau of Economic Geology will help us analyse and design not only a state-of-the-art commercial scale capture system, but also an economically viable model of carbon capture that can be a fore runner for CCUS in India.”

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