JSW Steel Limited, Bharatia, and Carbon Iceland International have signed a Memorandum of Understanding (MoU) to develop a large-scale green methanol project in India.
This collaboration aims to advance industrial decarbonisation and green fuel infrastructure.
The MoU was signed during the 3rd India–Nordic Summit in Oslo, Norway. The project aims to produce 300 KTPA of green methanol by utilising carbon dioxide emissions from JSW Steel’s operations in Raigad, Maharashtra.
These emissions will be converted into eMethanol using green hydrogen from renewable sources.
This initiative seeks to establish a scalable carbon capture and utilisation pathway for the steel sector.
It supports India's broader energy transition and industrial decarbonisation goals by transforming industrial emissions into low-carbon fuels and chemical feedstocks.
The collaboration brings together the strengths of JSW Steel, Bharatia, and Carbon Iceland. JSW Steel provides large-scale industrial infrastructure and operational capabilities.
Bharatia, a non-profit foundation, operates at the intersection of policy, technology, and finance, supporting project development and ecosystem integration.
Carbon Iceland International, the technology project developer, focuses on carbon capture integration and e-fuels production.
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The project aligns with global efforts to develop low-carbon fuels for shipping, industry, and hard-to-abate sectors. It reinforces India's position as an emerging hub for climate technology deployment and green industrial infrastructure.
The MoU outlines a phased development pathway, progressing from feasibility assessment to technical validation.
As of May 25, 2026, at 2:20 PM, JSW Steel share price on NSE was trading at ₹1,287.70 up by 0.17% from the previous closing price.
The collaboration between JSW Steel, Bharatia, and Carbon Iceland marks a significant step towards industrial decarbonisation in India. By leveraging their combined expertise, these organisations aim to create a replicable model for future green industrial infrastructure.
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Published on: May 25, 2026, 2:32 PM IST
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