As stated by the ADB, this knowledge and support technical assistance (TA) aim to accelerate decarbonization by promoting carbon capture, utilization, and storage (CCUS) in emitting sectors of India. The TA will undertake feasibility studies for (i) carbon dioxide (CO2) capture, transport, and utilization for industrial application; (ii) geological storage of CO2; and (iii) low-carbon production of hydrogen to decrease carbon emissions from refineries in Northeast India until their phase-out. It will also make recommendations on incentive policies and the regulatory framework for CCUS. The proposed TA is closely aligned with the country partnership strategy of the Asian Development Bank (ADB) for India as well as operational priorities 2 and 3 of ADB's Strategy 2030.
As stated by the ADB, the funds will be provided by the Japan Fund for Prosperous and Resilient Asia and the Pacific, which is fully administered by the ADB.
As stated by Bloomberg, Indian Oil Corporation Limited explores for and refines crude oil, in addition to manufacturing petroleum & petroleum products. The Company's products include lubricating oils, liquid petroleum gas, aviation turbine fuels, greases, wax, bitumen and asphalt. Indian Oil Corporation has retail outlets throughout India. The greatest majority shareholding in the Company is held by Indian Government.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Indian Oil Corp Ltd
ADB Team Leader:
Atsumasa Sakai - Senior Energy Specialist
No contacts provided at the time of disclosure.
Executing Agency - Indian Oil Corporation Limited:
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