BAJAJ BROKING
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.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Price in India | Gold Rises 1% to $2,719 Ahead of U.S. PPI Data
12 Dec, 2024 | 39 Min. read
Coca-Cola Sells 40% Stake in Bottling Arm to Jubilant Bhartia Group
12 Dec, 2024 | 2 Min. read
Indian Overseas Bank Receives ₹808.3 Crore Income Tax Refund
12 Dec, 2024 | 2 Min. read
Shakti Pumps Secures ₹754.3 Crore Solar Water Pump Order in Maharashtra
12 Dec, 2024 | 2 Min. read
Vedanta to Consider Fourth Interim Dividend on December 16
12 Dec, 2024 | 2 Min. read
Share Market Today | Flat to Positive Start Expected for Indian Markets Amid Global Cues
12 Dec, 2024 | 4 Min. read
International Gemological Institute India IPO Issue Date & Pricing
12 Dec, 2024 | 4 Min. read
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading