JSP Group has taken a number of initiatives to reduce its carbon footprint, says Maiti
The current cost of carbon capture stands at a prohibitive US$40-$60 per tonne of CO2 captured, making carbon capture and utilisation uneconomical, though it is a crucial step in addressing greenhouse gas emissions from legacy sources, says Shreyas Chipalkatty, CEO, of Southern Calirfornia-based SeaVar LLC.
“The energy transition is underway but will take time to be delivered,” he underlined while announcing a pilot project in partnership with Jindal Steel and Power Group (JSP) in India.
The pilot project will use SeaVar developed and patented innovative non-amine-based CO2 capture process that is expected to reduce the capture cost significantly lower to US$17 per tonne of CO2 captured.
SeaVar, a US-based start-up led by an Indian-origin team, says its cost-effective breakthrough is a result of SeaVar’s vast experience in installing systems in various industries, including power plants.
The technology company was founded in 2007 by an experienced Indian-origin chemical engineer with 53 years of expertise in emission capture systems.
The SeaVar’s technology would be a game-changer in reducing carbon emissions across the globe, said SeaVar which has set an ambitious target of capturing and storing or reusing 250 million CO2 tonnes annually by 2030. It would be a game-changer in the fight against climate change.
SeaVar’s path-breaking carbon capture technology allows the responsible use of fossil fuels without disrupting existing energy infrastructure. By capturing CO2 at the lowest cost, SeaVar also makes possible the foundation of a new carbon economy with benefits in synthetic fuels, soil regeneration and food security. India’s G20 Presidency has focused on environmental issues.
“We are grateful to the Council on Energy, Environment and Water (CEEW) and JSP Group for a partnership that will assist India’s carbon management leadership,” Chipalkatty said on 8 Aug 2023.
Debasis Maiti, Executive Vice-President, JSP Group, “Jindal Steel and Power always been the leader in promoting innovative and environmentally friendly technologies from the very beginning.
“JSP Group has taken a number of initiatives to reduce its carbon footprint through carbon minimisation, carbon avoidance and carbon recycling with an objective to spearhead decarbonisation initiatives in the iron and steel sector in India, which is considered a hard-to-abate sector.
“We also believe that the increase in carbon capture and utilisation practices will help us in achieving our mission of net-zero carbon at an accelerated pace.”
Indian think tank CEEW is a knowledge partner of SeaVar and it plans to evaluate the impact of such low-cost technology along with identifying other end-use cases.
CEEW Fellow Hemant Mallya said, “As India continues its journey towards a greener and more sustainable future, the adoption of advanced carbon capture technologies will be critical. CEEW has been actively working on researching carbon capture, utilisation and storage in India.
“New technologies such as SeaVar’s could make carbon capture economically viable and open new possibilities for utilising captured carbon dioxide in value-added products or permanently storing it underground.”
According to a recent study by CEEW, India possesses a significant theoretical carbon storage capacity of 629 gigatonnes. A large amount of CO2 can be leveraged to produce chemicals and fuels. But carbon capture and utilisation hinges on the availability of cost-effective capture solutions. To unlock the potential of carbon capture utilisation and storage, a substantial reduction in the cost of capture is necessary. Fiinews.com
