Veolia (Paris, France; www.veolia.com) has just established a partnership with Carbon Clean Solutions Ltd. (CCSL; www.carboncleansolutions.com), the global leader in low-cost carbon capture technology, for the large-scale rollout of CCSL’s patented carbon dioxide (CO2) separation technology. The objective is to reduce the impact of the greenhouse effect of industrial activities and so combat climate change.
“This partnership is a fantastic illustration of Veolia’s Open Innovation strategy to partner with the most promising industries to stay one step ahead with solutions and technology. With CCSL, we will mitigate CO2 emissions and enhance the prospects for the circular economy around carbon capture and its use by industry. It demonstrates Veolia’s commitment to co-create solutions to fight climate change,” said Laurent Auguste, Senior Executive Vice President Development, Innovation and Markets at Veolia.
“The partnership with Veolia will further boost our mission to help companies lower their carbon footprint in a cost-effective and sustainable manner. Our cutting-edge technology and Veolia’s extensive service offering in water, energy and waste represents an ideal alliance,” added Aniruddha Sharma, CEO of CCSL.
This agreement provides the two partners with an opportunity to reduce the impact of the greenhouse effect of industrial activities.
CCSL recently announced the successful commissioning of its flagship project in Tamil Nadu, India, where a coal-fired power plant has become the site of the first industrial installation to re-use all its CO2 emissions. The project will ensure 60,000 metric tons of CO2are captured each year and then converted into soda ash, a chemical compound that is commonly used in glassmaking. Privately financed, the site captures all the CO2 at a cost of $30 per metric ton, half the cost of existing technology.