Compressing carbons the corporate way

With India facing a huge climate crisis, two leading corporations have finally come forward to tackle the issue effectively.

On the 1st of July, A Memorandum of Understanding (MoU) had been signed between the Oil and Natural Gas Corporation of India (ONGC) and the Indian Oil Corporation Litmited This MoU aims at reducing India’s carbon emission at Koyali’s Refinery in Gujarat.

The two corporations have agreed to jointly work towards reducing carbon dioxide in the atmosphere by implementing the Carbon Capture Utilization and Storage (CCUS). This method involves capturing carbon dioxide, storing it in selected geological rock formations followed by which it can be reused and can help in enhanced oil recovery. “The project will add up a new dimension towards national vision of CCUS and will infuse a new life to the depleted matured oil fields of ONGC,” according to a statement released by them.

Another company which has also taken step is the Tata Group. Their target is to produce 150 lakh units of power annually and reduce 19,000 tonnes of carbon emissions every year. They have proposed to set up the world’s largest solar rooftop plant in Punjab for the Radha Soami Satsang Beas Educational and Environmental Society (RSSB-EES).

In previous venture Tata has successfully installed solar panels at Kochi airport. They built world’s largest solar carport in this area, as an attempt to minimising carbon emissions. Another initiative of the Tata group is the PledgeforSolar campaign that focuses on establishing residential solar rooftops. As India faces large environmental concerns, it is important citizens and coporations take intiatives.