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CCUS capacity needs to be ramped up 190-fold

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Carbon capture is the imperative action that the cement industry needs to take in order to honour its pledge for a net zero future. Aniruddha Sharma, CEO, Carbon Clean, speaks about carbon capture, utilisation and storage (CCUS) entails across the globe and its role in the green evolution of the cement industry.

Carbon Clean, headquartered in London, provides all the services needed by companies to achieve net zero carbon footprint, including technology licence and end-to-end systems. Their solutions help industries capture over 90 per cent of CO2 emissions, and be a part of the global circular carbon economy. Its CCUS applications are designed for verticals such as cement, steel, refinery, bio gas and energy from waste. In this interaction, Aniruddha Sharma, CEO, Carbon Clean, speaks to ICR about the importance of CCUS.

What are the current estimates for CCUS worldwide?
To achieve net zero emissions by 2050, CCUS capacity needs to be ramped up 190-fold and urgent steps are needed to ensure CCUS is available to contribute to net zero goals, according to the International Energy Agency.
This presents a challenge but also an opportunity. Demand for CCUS solutions is unprecedented, especially from the hard-to-abate industries such as oil and gas, cement, steel and chemicals. These sectors expect over 20 per cent of their total emissions to be captured via carbon capture technology by 2030. Our latest CCUS solution, CycloneCC, will play an important role in servicing this demand, with independent third-party research suggesting that the technology’s market opportunity is set to expand by 60 per cent per year this decade.

What role does Carbon Clean play in helping cement companies with carbon capture?
Carbon Clean is a global leader in cost-effective industrial carbon capture technologies and services. We are working with several cement companies to capture the carbon dioxide from their emissions.
For example, we are partnering with CEMEX on a ground-breaking carbon capture project at its Rüdersdorf plant in Germany. The initial aim is to capture 100 tonnes of CO2 per day at the plant, combining it with hydrogen from renewable sources to produce greener synthetic hydrocarbons that can be used in other industries. We are also currently commissioning a 10 tonnes per day carbon capture plant with Taiheiyo Cement Corporation in Japan.
Meanwhile, in Spain, we are demonstrating how carbon capture can provide cement companies with a new revenue stream as part of the circular carbon economy. Our project with LafargeHolcim Spain will take carbon captured from the Carboneras cement factory and use it in greenhouses in the region to improve crop productivity.
Our latest modular industrial carbon capture technology – CycloneCC – is set to offer huge benefits to the cement industry. Some of the biggest barriers to widespread carbon capture adoption have been the size and cost of existing technology. CycloneCC uses equipment that is up to ten times smaller than conventional solutions, reducing capex and opex by up to 50 per cent.

What is your outlook on the net zero commitment pledged by cement companies, targeted at 2030?
The cement sector is a big emitter, accountable for around 8 per cent of global CO2 emissions, but carbon capture will play a significant role in ensuring the sector decarbonises and achieves its ambitious targets. The solutions are already available – it’s now time to act.

How can cement manufacturers effectively reduce carbon emissions and work on CCUS for long term impact?
Carbon capture is vital for the decarbonisation of cement manufacturing. Up to 70 per cent of CO2 emissions come from the calcining calcium carbonate chemical process, which can’t be reduced with other methods. Industrial carbon capture solutions must be deployed in the near term to start many manufacturers on the path to net zero.

What advice would you like to give to companies, especially Indian ones, regarding KPIs for carbon capture?
There is huge interest in carbon capture solutions from the cement industry. Today, historical barriers to adoption like cost and onsite space are being overcome by advances in carbon capture technology.
Carbon Clean’s latest modular technology, for example, uses equipment that is ten times smaller than conventional carbon capture solutions and has a five times smaller onsite footprint. It is prefabricated, deployable in less than eight weeks, and can be scaled over time to suit a company’s decarbonisation trajectory. This breakthrough solution reduces capex and opex by up to 50 per cent compared to conventional carbon capture, driving down the
cost of carbon capture to $30/tonne on average. At this cost, the economic case for carbon capture becomes undeniable.
We are working with cement companies across the globe to demonstrate the potential for carbon capture to meet decarbonisation targets.
The solutions today are accessible, affordable and already in use.

Concrete

Nuvoco Vistas Reports Record Q2 EBITDA, Expands Capacity to 35 MTPA

Cement Major Nuvoco Posts Rs 3.71 bn EBITDA in Q2 FY26

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Nuvoco Vistas Corp. Ltd., one of India’s leading building materials companies, has reported its highest-ever second-quarter consolidated EBITDA of Rs 3.71 billion for Q2 FY26, reflecting an 8% year-on-year revenue growth to Rs 24.58 billion. Cement sales volume stood at 4.3 MMT during the quarter, driven by robust demand and a rising share of premium products, which reached an all-time high of 44%.

The company continued its deleveraging journey, reducing like-to-like net debt by Rs 10.09 billion year-on-year to Rs 34.92 billion. Commenting on the performance, Jayakumar Krishnaswamy, Managing Director, said, “Despite macro headwinds, disciplined execution and focus on premiumisation helped us achieve record performance. We remain confident in our structural growth trajectory.”

Nuvoco’s capacity expansion plans remain on track, with refurbishment of the Vadraj Cement facility progressing towards operationalisation by Q3 FY27. In addition, the company’s 4 MTPA phased expansion in eastern India, expected between December 2025 and March 2027, will raise its total cement capacity to 35 MTPA by FY27.

Reinforcing its sustainability credentials, Nuvoco continues to lead the sector with one of the lowest carbon emission intensities at 453.8 kg CO? per tonne of cementitious material.

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Concrete

Jindal Stainless to Invest $150 Mn in Odisha Metal Recovery Plant

New Jajpur facility to double metal recovery capacity and cut emissions

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Jindal Stainless Limited has announced an investment of $150 million to build and operate a new wet milling plant in Jajpur, Odisha, aimed at doubling its capacity to recover metal from industrial waste. The project is being developed in partnership with Harsco Environmental under a 15-year agreement.

The facility will enable the recovery of valuable metals from slag and other waste materials, significantly improving resource efficiency and reducing environmental impact. The initiative aligns with Jindal Stainless’s sustainability roadmap, which focuses on circular economy practices and low-carbon operations.

In financial year 2025, the company reduced its carbon footprint by about 14 per cent through key decarbonisation initiatives, including commissioning India’s first green hydrogen plant for stainless steel production and setting up the country’s largest captive solar energy plant within a single industrial campus in Odisha.

Shares of Jindal Stainless rose 1.8 per cent to Rs 789.4 per share following the announcement, extending a 5 per cent gain over the past month.

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Concrete

Vedanta gets CCI Approval for Rs 17,000 MnJaiprakash buyout

Acquisition marks Vedanta’s expansion into cement, real estate, and infra

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Vedanta Limited has received approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for approximately Rs 17,000 million under the Insolvency and Bankruptcy Code (IBC) process. The move marks Vedanta’s strategic expansion beyond its core mining and metals portfolio into cement, real estate, and infrastructure sectors.

Once the flagship of the Jaypee Group, JAL has faced severe financial distress with creditors’ claims exceeding Rs 59,000 million. Vedanta emerged as the preferred bidder in a competitive auction, outbidding the Adani Group with an overall offer of Rs 17,000 million, equivalent to Rs 12,505 million in net present value terms. The payment structure involves an upfront settlement of around Rs 3,800 million, followed by annual instalments of Rs 2,500–3,000 million over five years.

The National Asset Reconstruction Company Limited (NARCL), which acquired the group’s stressed loans from a State Bank of India-led consortium, now leads the creditor committee. Lenders are expected to take a haircut of around 71 per cent based on Vedanta’s offer. Despite approvals for other bidders, Vedanta’s proposal stood out as the most viable resolution plan, paving the way for the company’s diversification into new business verticals.

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