JSW Steel to develop green methanol project

JSW Steel says that it has signed a memorandum of understanding with Bharatia and Carbon Iceland International to develop a 300,000 t/a green methanol facility. The plant will capture carbon dioxide emissions from JSW Steel’s existing Raigad facility in Maharashtra state, and combine them with hydrogen produced from water electrolysis using renewable electricity. Under the terms of the agreement, JSW Steel will provide the industrial infrastructure for the project, Bharatia the project development, execution and financing facilities, and Carbon Iceland support for carbon capture and low carbon methanol production. JSW Steel has also previously used 3,800 t/a of low carbon hydrogen at its Vijayanagar plant in Karnataka to produce low carbon steel.