The ground-breaking project, believed to be the first of its kind, is privately financed and will capture CO2 at just $30 per/tonne – much lower than the $60-90 per tonne capture costs typically observed in the global power sector. The captured CO2 will then be used by Indian firm, Tuticorin Alkali Chemicals & Fertilizers (TACFL), for soda ash production.
Aniruddha Sharma, Chief Executive Officer at CCSL, said: “This project is a game-changer. By capturing and crucially, reusing, CO2 at just $30 per/tonne, we believe that there is an opportunity to dramatically accelerate uptake of CCU technology, with its many benefits, around the world. This is a project that doesn’t rely on government funding or subsidies – it just makes great business sense. We are delighted to be partnering with TACFL to make this project a reality.”
Today’s announcement comes following the successful completion of CCSL’s pilot testing programme at Technology Centre Mongstad, the world’s largest and most advanced facility for testing and improving CO2 capture, in May. The pilot yielded results that showed that use of CCSL’s solvent dramatically reduced emission levels and lowered corrosion, while improving system reliability. Just last month, CCSL announced the appointment of Will Shimer to run the firm’s North American operations from Chicago.