Veolia, the global leader for optimized resource management, today announces the signing of a new partnership agreement with Carbon Clean Solutions Limited (CCSL), a global leader in low-cost carbon capture technology, for the large-scale rollout of CCSL鈥檚 patented carbon dioxide (CO2) separation technology.
By combining CCSL鈥檚 revolutionary technology with Veolia鈥檚 commitment to combatting climate change, 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 CO2 are 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 US$30 per metric ton, half the cost of existing technology. 聽鈥淭his partnership is a fantastic illustration of Veolia鈥檚 Open Innovation strategy to partner with the most promising industries to stay one step ahead with solutions and technology,鈥� says Laurent Auguste, Executive Vice President Innovation & Markets at Veolia. 鈥淲ith 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鈥檚 commitment to co-create solutions to fight climate change.鈥�
CEO of CCSL, Aniruddha Sharma adds: 鈥淭he 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鈥檚 extensive service offering in water, energy and waste represents an ideal alliance鈥�.
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