Veolia has signed a partnership agreement with Carbon Clean Solutions Limited (CCSL), a global leader in low-cost carbon capture technology, for the large-scale rollout of CCSL’s patented carbon dioxide (CO2) separation technology. The agreement provides the two partners with an opportunity to reduce the impact of the greenhouse effect of industrial activities.
CCSL recently announced the successful commissioning of its flagship project in Tamil Nadu, India, where a coal-fired power plant has become the site of the first industrial installation to re-use all its CO2 emissions. The project capture 60,000 metric tons of CO2 each year which is then converted into soda ash, a chemical compound that is commonly used in glassmaking. Privately financed, the site captures all the CO2 at a cost of US$30 per metric ton, half the cost of existing technology.
"This partnership is a fantastic illustration of Veolia’s Open Innovation strategy to partner with the most promising industries to stay one step ahead with solutions and technology,” says Laurent Auguste, Executive Vice President Innovation & Markets at Veolia. “With CCSL, we will mitigate CO2 emissions and enhance the prospects for the circular economy around carbon capture and its use by industry. It demonstrates Veolia’s commitment to co-create solutions to fight climate change.”
CEO of CCSL, Aniruddha Sharma added, “The partnership with Veolia will further boost our mission to help companies lower their carbon footprint in a cost-effective and sustainable manner. Our cuttingedge technology and Veolia’s extensive service offering in water, energy and waste represents an ideal alliance”.