Carbon Capturing for Low Carbon Industrial Transition
The industry sector plays a significant role in India's economy, contributing 31% to its GDP. This sector also has various direct and indirect linkages with other sectors, which further drive economic growth and employment. However, for the year 2019, the electricity and heat sector were the top contributor to greenhouse gas emissions in India, accounting for 1.24 billion tons, with industries contributing 168.5 million tons. With India's commitment to reduce the emissions intensity of its GDP by 45% by 2030 and its long-term goal of achieving net-zero emissions by 2070, industries must prioritize decarbonization to achieve these targets.
India ranks third in the world for CO2 emissions, following China and the US, with an estimated annual emission of approximately 2.6 gigatons per year. The industrial sector accounts for 31% of these emissions. India's per capita emissions are around 1.9 tonnes per year, which is less than 40% of the global average. A sustainable solution is needed for the industrial sector, and Carbon Capture Utilization and Storage (CCUS) can play a crucial role in decarbonizing industries such as steel, cement, oil & gas, petrochemicals & chemicals, and fertilizers. These sectors are vital to the sustained growth of the Indian economy.
We are conducting a series of webinars on Industrial Decarbonization to understand the growth and challenges on clean energy transition.
This is our second webinar and the objective of this webinar is to discuss whether the CCUS can decarbonise the industries and its implications, and challenges for the hard to abate industries.
The panel will deliberate on:
- Anticipated growth of CCUS uses in the industrial sector.
- Challenges in scaling CCUS technologies, and development of ancillary industries to support the transition.
- Financial implications of uses of CCUS in industries.
- national and international case studies.
This webinar is organized as part of the Clean Energy Technology Hub (CET-H). The objective of the hub is to enhance the knowledge, gain valuable insights, and accelerate clean energy transition with panel discussions from industry leaders and government stakeholders on all the latest trends and developments in renewable technology, challenges and opportunities, and case studies.
Speakers
- Gaurav Verma, DGM, M.N Dastur & Co (P) Ltd.
- Devika Wattal, Consultant, GCCA
- Mahmoud Abouelnaga, Solutions Fellow, C2ES
- Ramchandran Gopalan, MD, Tuticorin Alkali Chemicals and Fertilisers Ltd.
- Lalit Sharma, Senior Program Associate, WRI India
- Abhishek Bhardwaj, WRI India
- Sripathi Anirudh, WRI India
- Dr. Ankita Gangotra, Associate, Industrial Innovation, U.S. Climate Program, World Resources Institute
Some key insights by panelists were:
- The capturing part of CCUS consists of the pre-combustion, post combustion and oxyfuel combustions techniques.
- India has a potential of 600 gigaton for carbon storage.
- We learned more about the profitability of deploying the technology particularly in the ethanol, manufacturing, the natural gas processing, and hydrogen-based applications.
- Hubs and cluster model can be used to scale up the CCUS adoption in countries and the shared infrastructure will lead to a lower capital cost and a lower risk factor.
- The Scalability of CCUs and how the technology is generally well proven. However, the additional costs associated with incorporating CCUS within the process is the challenge, especially for specific industries that may not be able to absorb these costs.
Watch the full webinar here: https://www.youtube.com/live/F8UoG5D2vD4?feature=share
