en.Wedoany.com Reported - JSW Steel Ltd has signed a Memorandum of Understanding (MoU) with Bharatia and Carbon Iceland International during the third India-Nordic Summit, planning to jointly develop a large-scale green methanol project in India. The signing ceremony took place in Oslo, Norway.
The proposed project has a designed production capacity of 300,000 tons per year, aiming to utilize carbon dioxide (CO₂) emitted from JSW Steel's operations in the Raigad district of Maharashtra. The project will use green hydrogen produced from renewable energy sources to convert it into e-methanol.
The partners hope to establish a scalable carbon capture and utilization pathway for the steel industry, while helping India achieve its energy transition and industrial decarbonization goals. The project plans to demonstrate how industrial emissions can be converted into low-carbon fuels and chemical feedstocks, providing a replicable model for future green industrial infrastructure.
The initial scope of work includes assessing the utilization of existing high-purity CO₂ streams from JSW Steel facilities and studying opportunities for further capturing CO₂ emissions from steel manufacturing operations.
The three parties have integrated their respective strengths in the collaboration: JSW Steel provides large-scale industrial infrastructure and operational capabilities; Bharatia supports project development, implementation architecture, and financing channel establishment; Carbon Iceland International is responsible for carbon capture integration, e-fuel production, and technology development for industrial decarbonization pathways.
The MoU outlines a phased development path, progressing step-by-step from feasibility assessment and technology validation to potential future commercial-scale implementation. JSW Steel operates integrated steel manufacturing facilities across India, whose production processes generate CO₂ emissions. Bharatia is a non-profit foundation that operates a technology commercialization platform and collaborates with research institutions such as cGanga at IIT Kanpur. Carbon Iceland International is a consortium-led platform that brings together global expertise in CO₂ capture, e-fuel production, and industrial decarbonization.
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