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JSW Steel partners with BHP and Carbon Clean to deploy CycloneCC technology for capturing 100,000 tonnes of CO2 annually. This collaboration supports decarbonisation in steelmaking, with studies set for completion by 2026. JSW Steel share price closed at ₹1,012.85 on Thursday, up 1.85%.
JSW Steel, led by Sajjan Jindal, has entered into a strategic partnership with BHP, a global resources firm, and Carbon Clean, a provider of carbon capture technology. The collaboration aims to explore and potentially deploy Carbon Clean’s CycloneCC technology to scale carbon capture solutions in steel production, enhancing decarbonisation efforts.
This partnership will conduct joint studies to assess the feasibility of deploying Carbon Clean’s CycloneCC modular technology at JSW Steel's facilities. The CycloneCC technology is designed to capture up to 100,000 tonnes of CO2 annually, making it the largest carbon capture initiative for steel manufacturing globally.
The studies are expected to conclude in 2026, after which JSW Steel plans to install the technology at its Vijayanagar site in Karnataka.
CycloneCC, based on rotating packed bed (RPB) technology, is combined with Carbon Clean’s proprietary APBS-CDRMax solvent. This combination reduces both the total installed cost and the footprint of the carbon capture unit by up to 50%.
Additionally, the equipment required is 10 times smaller compared to traditional carbon capture systems, making it more efficient and space-saving for industrial applications.
In addition to capturing CO2, JSW Steel intends to focus on utilisation — the 'U' in CCUS (Carbon Capture, Utilisation, and Storage). If the studies and deployment are successful, JSW Steel plans to liquefy the captured CO2 and sell it to local markets, creating a sustainable value chain.
JSW Steel has already achieved a 30% reduction in carbon emission intensity compared to its 2005 baseline. The company’s long-term goal is to further reduce its carbon intensity to 1.95 tonnes of CO2 per tonne of steel by 2030 and to achieve net-zero carbon emissions by 2050.
On Thursday, October 10, JSW Steel share price closed at ₹1,012.85, marking a 1.85% increase. Over the last 12 months, the JSW Steel share price has delivered a 30.31% return, reflecting investor confidence in the company's sustainability efforts and growth trajectory.
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