Fugro has signed a Memorandum of Understanding (MOU) with the Indian Institute of Technology (IIT) Bombay, Mumbai, to advance the development of Carbon Capture Utilisation and Storage (CCUS) projects in India.
IIT is home to one of two National Centres of Excellence in CCUS supported by the Government of India’s Department of Science & Technology. These centres are responsible for mapping country-wide CCUS innovations and coordinating a network of public and private stakeholders to create synergy across India’s CCUS roadmap, expected to be announced later in 2023.
Under the five-year agreement, Fugro will act as a technical advisor, lending its geo-consulting expertise and advanced Geo-data technologies to support IIT in identifying, assessing, and developing pilot projects in the CCUS domain.
As the World Meteorological Organisation announces July 2023 as the hottest month ever recorded on Earth, governments are facing increased pressure to intensify their commitments to combat climate change. The role of CCUS in India as the world’s fastest-growing economy will play a critical role in meeting the UN’s Climate Action Targets.
Prof. Devendra Narain Sing, D.L. Shah Chair Professor for Innovation at IIT’s Department of Engineering stated: “This technical collaboration between IIT and Fugro will be instrumental in realising the potential of the sinks (subsurface geological formations) in the vicinity of CO2 emission sources, an important precursor to developing CCUS infrastructure. We will also train Indian industry and academia in this domain.”
Soumendra Ganguly, Fugro Country Manager India Land stated: “The signing of this MOU signals a strong commitment from both parties towards a greener future. This partnership represents a significant step forward in advancing India’s efforts to address climate change and reduce carbon emissions.”
In addition to supporting decarbonisation initiatives such as this, Fugro has committed to reducing its own emissions to net zero by 2035 through the adoption of remote and autonomous technologies, electrified vehicles, and greener fuels such as methanol.