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We are actively working on sludge utilisation

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Dr Yogendra Kanitkar, VP – Research and Development, Pi Green Innovations, discusses groundbreaking, scalable clean-tech solutions.

As the world races to combat climate change, a simple observation sparked a powerful vision for a pollution-free tomorrow. Dr Yogendra Kanitkar, VP – Research and Development, Pi Green Innovations, talks to Kanika Mathur about how filter-less technology is changing the game – from capturing soot to permanently sequestering CO2 in building materials. Read on to explore how this startup is turning industrial waste into climate solutions.

Can you briefly introduce Pi Green Innovations and its mission for a pollution-free tomorrow?
Pi Green Innovations is a clean tech startup. Our founders are Irfan Pathan, Shantanu Sonaikar, and Rizwan Shaikh. We started with a vision of a pollution-free tomorrow. Our founder, Rizwan Shaikh, observed the dust accumulation on AC filters and realised Delhi’s air pollution was a massive issue. Inspired to create a solution, he began searching for a filterless technology to clean air. That’s how the initial Carbon Cutter machine was conceptualised. The first application was for diesel generators. In 2012–2013, the National Green Tribunal (NGT) ordered diesel generator operators to install Retrofit Emission Control Devices (RECDs) to capture more than 70 per cent of particulate matter. This initially rolled out in Delhi NCR and later became mandatory nationwide.
We invented a filterless technology using electrostatic precipitation (ESP) to capture soot from diesel generators without interfacing with the engine. The soot is collected in a separate tank or vessel that can be cleaned later. This innovation gained traction, and major diesel generator OEMs became our channel partners, certifying and fitting our devices to their generators.
Later, some customers asked if we could also capture gaseous emissions like SOx and NOx. While exploring this, we accidentally discovered that our technology had a greater affinity for capturing CO2. This led to the birth of the Net Zero Machine — a point-source greenhouse gas capture device that converts CO2 into carbonates using accelerated mineral carbonation technology.
To our knowledge, we are the only company in India to operate this technology at such a large scale. While typical lab-scale pilots capture around 1 tonne of CO2 per day, our largest pilot with an Institutional Thermal Power Plant Operator which will be commissioned soon. It will two tonnes of CO2 per day, operational for 21 consecutive days.
Our focus is not just on carbon capture but on carbon utilisation — turning captured CO2 into building materials like bricks, aggregates and road fill. This provides a scalable solution to address industrial emissions while creating valuable byproducts.

How does your Net Zero Machine contribute to carbon capture and green cement production?
To understand our contribution, you first need to understand how cement is produced. Cement production typically involves calcining dolomite to form clinker — the main binding agent in cement. Our ethos is to use industrial waste to capture CO2. We have developed 10 different chemistries with the Net Zero Machine tailored for hard-to-abate sectors like cement, steel, petrochemicals, FMCG and others. For instance, if we are operating at a thermal power plant, we use the fly ash generated there along with other chemicals. When the flue gas passes through the Net Zero Machine, it reacts to form a sludge that self-hardens upon curing. This sludge can be moulded into bricks, road fill, coarse aggregates and other building materials. Importantly, the CO2 captured is permanently sequestered within the solid material — it will not release back unless heated to above 600°C. Unlike other technologies, like amine-based or retisol systems that produce pure CO2 gas, our process embeds CO2 into solid building materials, ensuring long-term storage.
In the cement industry context, let’s say we are working with a steel manufacturer. Normally, blast furnace slag is sold as a cement additive. In our case, we carbonate the industrial waste like slag — through the Net Zero Machine. The carbonation adds CO2 mass into the material, which can then be used as a substitute for clinker or other additives in cement production. For example, if you start with one tonne of blast furnace slag and add 500 kg of CO2 during carbonation, you end up with 1.5 tonnes of carbonated slag. Chemically, the properties remain largely similar.
Thus, instead of disturbing the existing symbiosis between industries like steel and cement, we add value by enhancing the material mass and permanently sequestering carbon — directly contributing to the decarbonisation of the cement industry.

What makes your carbon-negative bricks unique compared to conventional building materials?
They are different in two major aspects. First, if you look at how traditional bricks are made, you take sand, add a binder and then bake the bricks at high temperatures. Each of these steps requires a certain amount of energy, and the biggest energy input is during the baking process, where fossil fuels are burned, emitting CO2.
Now, when you use our bricks, because they are made from industrial waste, there is no CO2 output associated with the raw material itself. You are avoiding emissions by substituting traditional bricks with our product. This is known as an ‘avoidance credit’ or avoided CO2 — you are preventing a certain amount of CO2 emissions by choosing a product with a lower carbon footprint.
The second aspect is the way we manufacture our bricks. We do not bake them. Instead, the bricks are sun-dried and carbonated. The industrial waste, like blast furnace slag or fly ash, is carbonated and self-hardens to form the brick. This means the brick already has captured and sequestered CO2 stored within it.
So, in our product, you have two forms of CO2 benefits: one is captured CO2, and the other is avoided CO2. When you combine these two, that becomes our unique selling proposition compared to normal bricks. That’s why we call them carbon-negative bricks.

How scalable is your Net Zero solution for industries like cement manufacturing?
For the cement industry, scalability is built into the core of our Net Zero solution. Our machine is entirely modular. What we usually propose to clients is: install one unit first, see how it works and then scale up. We have the flexibility to install up to a hundred units in a facility. It is very scalable and modular — you can easily grow based on requirements.
Now, the scaling isn’t purely linear or exponential, but it definitely scales, and there’s a cost curve based on techno-economic analysis where we help clients determine the optimum amount of CO2 they want to capture.

In your view, how critical is CCUS technology for India’s decarbonisation journey, especially in heavy industries?
It is highly critical. If you are exporting to carbon-sensitive markets, you are likely to be hit with a carbon tariff. The Carbon Border Adjustment Mechanism (CBAM) is one such example. Even within India, the Carbon Credit Trading Scheme (CCTS) has been notified, and around 283 entities have been obligated to reduce their CO2 footprints. So, Indian industries should wake up to this reality. If you want to remain competitive in foreign markets, adopting CCUS is non-negotiable.
Specifically for cement manufacturers — and speaking frankly — the margins are razor-thin. Steel manufacturers might still afford a capture cost of $50 per tonne of CO2, but for cement companies that’s much harder. That’s where we come in. Our cost of CO2 capture is significantly lower than conventional market solutions. We can achieve capture costs of less than $25 to $30 per tonne. That’s a game-changer.

What future innovations is Pi Green working on to further advance sustainable construction practices?
There are two broad approaches we are pursuing under Project Net Zero. First, under carbon capture utilisation, we are working on using the sludge generated from industrial waste in very innovative ways to sequester CO2 and form different products out of it. That’s an active vertical.
The second vertical involves evaluating whether our technology can be coupled with Compressed Biogas (CBG) plants. In CBG plants, a major impurity in the biogas is CO2. If we remove that CO2, we can increase the purity of the fuel, turning it into high-quality PNG or CNG. This purified fuel can then be used in internal combustion engines and other applications.
Another interest for us in the near future is to evaluate if NetZero Technology can be coupled with coal gasification to produce blue hydrogen.
Besides that, we are actively working on sludge utilisation — finding multiple pathways to make valuable products from the byproducts of the Net Zero process.
Those are the three major innovations we are actively working on.

Concrete

FORNNAX Appoints Dieter Jerschl as Sales Partner for Central Europe

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FORNNAX TECHNOLOGY has appointed industry veteran Dieter Jerschl as its new sales partner in Germany to strengthen its presence across Central Europe. The partnership aims to accelerate the adoption of FORNNAX’s high-capacity, sustainable recycling solutions while building long-term regional capabilities.

FORNNAX TECHNOLOGY, one of the leading advanced recycling equipment manufacturers, has announced the appointment of a new sales partner in Germany as part of its strategic expansion into Central Europe. The company has entered into a collaborative agreement with Mr. Dieter Jerschl, a seasoned industry professional with over 20 years of experience in the shredding and recycling sector, to represent and promote FORNNAX’s solutions across key European markets.

Mr. Jerschl brings extensive expertise from his work with renowned companies such as BHS, Eldan, Vecoplan, and others. Over the course of his career, he has successfully led the deployment of both single machines and complete turnkey installations for a wide range of applications, including tyre recycling, cable recycling, municipal solid waste, e-waste, and industrial waste processing.

Speaking about the partnership, Mr. Jerschl said,
“I’ve known FORNNAX for over a decade and have followed their growth closely. What attracted me to this collaboration is their state-of-the-art & high-capacity technology, it is powerful, sustainable, and economically viable. There is great potential to introduce FORNNAX’s innovative systems to more markets across Europe, and I am excited to be part of that journey.”

The partnership will primarily focus on Central Europe, including Germany, Austria, and neighbouring countries, with the flexibility to extend the geographical scope based on project requirements and mutual agreement. The collaboration is structured to evolve over time, with performance-driven expansion and ongoing strategic discussions with FORNNAX’s management. The immediate priority is to build a strong project pipeline and enhance FORNNAX’s brand presence across the region.

FORNNAX’s portfolio of high-performance shredding and pre-processing solutions is well aligned with Europe’s growing demand for sustainable and efficient waste treatment technologies. By partnering with Mr. Jerschl—who brings deep market insight and established industry relationships—FORNNAX aims to accelerate adoption of its solutions and participate in upcoming recycling projects across the region.

As part of the partnership, Mr. Jerschl will also deliver value-added services, including equipment installation, maintenance, and spare parts support through a dedicated technical team. This local service capability is expected to ensure faster project execution, minimise downtime, and enhance overall customer experience.

Commenting on the long-term vision, Mr. Jerschl added,
“We are committed to increasing market awareness and establishing new reference projects across the region. My goal is not only to generate business but to lay the foundation for long-term growth. Ideally, we aim to establish a dedicated FORNNAX legal entity or operational site in Germany over the next five to ten years.”

For FORNNAX, this partnership aligns closely with its global strategy of expanding into key markets through strong regional representation. The company believes that local partnerships are critical for navigating complex market dynamics and delivering solutions tailored to region-specific waste management challenges.

“We see tremendous potential in the Central European market,” said Mr. Jignesh Kundaria, Director and CEO of FORNNAX.
“Partnering with someone as experienced and well-established as Mr. Jerschl gives us a strong foothold and allows us to better serve our customers. This marks a major milestone in our efforts to promote reliable, efficient and future-ready recycling solutions globally,” he added.

This collaboration further strengthens FORNNAX’s commitment to environmental stewardship, innovation, and sustainable waste management, supporting the transition toward a greener and more circular future.

 

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Concrete

Budget 2026–27 infra thrust and CCUS outlay to lift cement sector outlook

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Higher capex, city-led growth and CCUS funding improve demand visibility and decarbonisation prospects for cement

Mumbai

Cement manufacturers have welcomed the Union Budget 2026–27’s strong infrastructure thrust, with public capital expenditure increased to Rs 12.2 trillion, saying it reinforces infrastructure as the central engine of economic growth and strengthens medium-term prospects for the cement sector. In a statement, the Cement Manufacturers’ Association (CMA) has welcomed the Union budget 2026-27 for reinforcing the ambitions for the nation’s growth balancing the aspirations of the people through inclusivity inspired by the vision of Narendra Modi, Prime Minister of India, for a Viksit Bharat by 2047 and Atmanirbharta.

The budget underscores India’s steady economic trajectory over the past 12 years, marked by fiscal discipline, sustained growth and moderate inflation, and offers strong demand visibility for infrastructure linked sectors such as cement.

The Budget’s strong infrastructure push, with public capital expenditure rising from Rs 11.2 trillion in fiscal year 2025–26 to Rs 12.2 trillion in fiscal year 2026–27, recognises infrastructure as the primary anchor for economic growth creating positive prospects for the Indian cement industry and improving long term visibility for the cement sector. The emphasis on Tier 2 and Tier 3 cities with populations above 5 lakh and the creation of City Economic Regions (CERs) with an allocation of Rs 50 billion per CER over five years, should accelerate construction activity across housing, transport and urban services, supporting broad based cement consumption.

Logistics and connectivity measures announced in the budget are particularly significant for the cement industry. The announcement of new dedicated freight corridors, the operationalisation of 20 additional National Waterways over the next five years, the launch of the Coastal Cargo Promotion Scheme to raise the modal share of waterways and coastal shipping from 6 per cent to 12 per cent by 2047, and the development of ship repair ecosystems should enhance multimodal freight efficiency, reduce logistics costs and improve the sector’s carbon footprint. The announcement of seven high speed rail corridors as growth corridors can be expected to further stimulate regional development and construction demand.

Commenting on the budget, Parth Jindal, President, Cement Manufacturers’ Association (CMA), said, “As India advances towards a Viksit Bharat, the three kartavya articulated in the Union Budget provide a clear context for the Nation’s growth and aspirations, combining economic momentum with capacity building and inclusive progress. The Cement Manufacturers’ Association (CMA) appreciates the Union Budget 2026-27 for the continued emphasis on manufacturing competitiveness, urban development and infrastructure modernisation, supported by over 350 reforms spanning GST simplification, labour codes, quality control rationalisation and coordinated deregulation with States. These reforms, alongside the Budget’s focus on Youth Power and domestic manufacturing capacity under Atmanirbharta, stand to strengthen the investment environment for capital intensive sectors such as Cement. The Union Budget 2026-27 reflects the Government’s focus on infrastructure led development emerging as a structural pillar of India’s growth strategy.”

He added, “The Rs 200 billion CCUS outlay for various sectors, including Cement, fundamentally alters the decarbonisation landscape for India’s emissions intensive industries. CCUS is a significant enabler for large scale decarbonisation of industries such as Cement and this intervention directly addresses the technology and cost requirements of the Cement sector in context. The Cement Industry, fully aligned with the Government of India’s Net Zero commitment by 2070, views this support as critical to enabling the adoption and scale up of CCUS technologies while continuing to meet the Country’s long term infrastructure needs.”

Dr Raghavpat Singhania, Vice President, CMA, said, “The government’s sustained infrastructure push supports employment, regional development and stronger local supply chains. Cement manufacturing clusters act as economic anchors across regions, generating livelihoods in construction, logistics and allied sectors. The budget’s focus on inclusive growth, execution and system level enablers creates a supportive environment for responsible and efficient expansion offering opportunities for economic growth and lending momentum to the cement sector. The increase in public capex to Rs 12.2 trillion, the focus on Tier 2 and Tier 3 cities, and the creation of City Economic Regions stand to strengthen the growth of the cement sector. We welcome the budget’s emphasis on tourism, cultural and social infrastructure, which should broaden construction activity across regions. Investments in tourism facilities, heritage and Buddhist circuits, regional connectivity in Purvodaya and North Eastern States, and the strengthening of emergency and trauma care infrastructure in district hospitals reinforce the cement sector’s role in enabling inclusive growth.”

CMA also noted the Government’s continued commitment to fiscal discipline, with the fiscal deficit estimated at 4.3 per cent of GDP in FY27, reinforcing macroeconomic stability and investor confidence.

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Concrete

Steel: Shielded or Strengthened?

CW explores the impact of pro-steel policies on construction and infrastructure and identifies gaps that need to be addressed.

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Going forward, domestic steel mills are targeting capacity expansion
of nearly 40 per cent through till FY31, adding 80-85 mt, translating
into an investment pipeline of $ 45-50 billion. So, Jhunjhunwala points
out that continuing the safeguard duty will be vital to prevent a surge
in imports and protect domestic prices from external shocks. While in
FY26, the industry operating profit per tonne is expected to hold at
around $ 108, similar to last year, the industry’s earnings must
meaningfully improve from hereon to sustain large-scale investments.
Else, domestic mills could experience a significant spike in industry
leverage levels over the medium term, increasing their vulnerability to
external macroeconomic shocks.(~$ 60/tonne) over the past one month,
compressing the import parity discount to ~$ 23-25/tonne from previous
highs of ~$ 70-90/tonne, adds Jhunjhunwala. With this, he says, “the
industry can expect high resistance to further steel price increases.”

Domestic HRC prices have increased by ~Rs 5,000/tonne
“Aggressive
capacity additions (~15 mt commissioned in FY25, with 5 mt more by
FY26) have created a supply overhang, temporarily outpacing demand
growth of ~11-12 mt,” he says…

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