Client: A multinational steel-making company with captive mines.
Challenge/Business Requirement
- Explore the feasibility of capturing CO2 during steel production and utilizing it to produce various chemicals.
- Evaluate available technologies and innovations for CO2 capture and utilization.
- Assess the market potential for end-products derived from captured CO2.
- Develop a comprehensive understanding of the technical, commercial, and regulatory aspects of establishing an integrated CO2 capture and utilization plant.
Scope of Work
- Technology and Innovation Assessment:
- Conducted a comprehensive assessment of available technologies and innovations for CO2 capture during steel production.
- Evaluated the market and technology readiness in India at different tiers (Commercial, Pilot, R&D).
- Market and Product Analysis:
- Assessed the market potential for various end-products derived from captured CO2.
- Analyzed innovations, product applications, and the feasibility of establishing an integrated plant.
- Partner and Compliance Evaluation:
- Identified global technology providers for CO2 capture and utilization.
- Assessed compliance requirements and conducted a supply chain analysis.
- Strategic Recommendations:
- Provided recommendations on product development considerations and intellectual property protection strategies.
- Assisted in the search for technology partners and potential technology tie-ups for chemical production.
Conclusion/Outcome
The CO2 and Hydrogen Capture Advisory Project provided the client with a comprehensive understanding of the opportunities and challenges associated with CO2 capture and utilization in the steel industry. The project delivered valuable insights into market potential, technology readiness, and regulatory considerations. It equipped the client with the knowledge and strategic recommendations needed to make informed decisions about establishing an integrated CO2 capture and utilization plant, enabling them to contribute to a more sustainable future while exploring new business opportunities.