Veolia, Carbon Clean JV to focus on CCUS, compressed biogas in India
The newly established joint venture, Veolia Carbon Clean, will first develop two carbon capture utilisation and storage (CCUS) and compressed biogas (CBG) projects in India, utilising Carbon Clean’s patented CDRMax and MethPure technologies.
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.
SATAT aims to produce 15 million tonnes of CBG from 5,000 plants by 2023, along with generating 50 million tonnes of bio-manure. The scheme aims to help India to reduce imports, generate employment, and reduce pollution.
Veolia Carbon Clean will finance, design, build, and operate these projects, and will find opportunities for other projects in India.
“This partnership is a great opportunity to illustrate Veolia’s commitment towards combatting climate change in India by deploying solutions to mitigate CO2 emissions,” said Guillaume Dourdon, CEO of Veolia India.
“Through Veolia Carbon Clean we look forward to creating resilient projects which will help companies to lower their carbon emissions in a sustainable manner and thus contribute towards reducing pollution levels in the country.”
Aniruddha Sharma, CEO of Carbon Clean, said: “We’re delighted that Veolia Carbon Clean is supporting the SATAT initiative to encourage CBG for green transport fuel and we’re proud to be investing in manufacturing in India.
“I have always believed in ‘Make in India’ and it’s an initiative by the Government of India to be celebrated.
“Veolia’s ambition to become the world champion in ecological transformation, combined with our technological expertise, will allow us to fast-track multiple green projects in India.”