Prime Minister Narendra Modi has thrown his weight behind carbon capture as the breakthrough technology set to redefine India’s steel sector, potentially igniting a fresh wave of industrial revolution. Speaking on Wednesday, he tied this innovation directly to the country’s net-zero pledge by 2070, emphasizing green hydrogen and strategic funding as accelerators.
India’s steel prowess is undeniable: second-largest crude steel maker with 152 million tonnes in FY 2024-25, eyeing 300 million by 2030-31 and 500 million by 2047. But the industry’s reliance on coal makes it a pollution heavyweight, responsible for 10-12% of national GHG emissions. Minister H.D. Kumaraswamy warns of a critical juncture, urging a shift to sustainable practices.
Government action is swift. The ‘Green Steel Taxonomy’ introduces emission-based ratings for steel products, from 3 to 5 stars. Rs 455 crore under the Green Hydrogen Mission targets steelmaking integration, promising a low-carbon future. Adding firepower, the latest budget allocates Rs 20,000 crore for CCUS trials in steel and four other sectors.
CCUS works by snaring CO2 emissions mid-process, allowing capture, reuse, or sequestration. This preserves operational continuity for India’s long-serving steel plants while drastically cutting pollution—a dual win for environment and economy.
As Modi articulates, these steps fortify India’s global edge and realize the ‘Developed India’ dream. Decarbonizing steel isn’t optional; it’s the linchpin of resilient growth, positioning India as a green manufacturing powerhouse.