ONGC, in partnership with the Indian Oil Corporation (IOCL), another public sector oil producer, is also working on India’s first industrial-scale carbon capture project at the Koyali refinery. India’s Oil and Natural Gas Corporation (ONGC), a government-owned oil and gas explorer and producer, recently signed a Memorandum of Understanding (MoU) with Norway-based energy company Equinor to explore opportunities in low-carbon and renewable sectors, specifically focusing on CCUS. The captured CO 2 is either used onsite or compressed and transported to be used in a range of applications, or injected into geological formations which trap the CO 2 for permanent storage. Public sector oil and gas companies in India are actively embracing emission-reduction strategies such as Carbon Capture, Utilisation, and Storage (CCUS) as India targets net zero by 2070.ĬCUS is a common strategy across India’s oil and gas majors, as revealed in an April 2023, report, The Green Shift – The low carbon transition of India’s oil and gas sector, released by the Ministry of Petroleum and Natural Gas (MoPNG), which highlights the energy transition plans of domestic public sector oil and gas companies.ĬCUS technologies capture carbon dioxide from large point sources, such as power generation or industrial facilities that use either fossil fuels or biomass for fuel.
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