Press & Media

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.

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.