JSW Steel, Bharatia, and Carbon Iceland International have signed an MoU to explore a large-scale green methanol project in Maharashtra. The proposed facility will use captured carbon emissions and green hydrogen to produce low-carbon eMethanol for industrial decarbonisation.
JSW Steel Limited, Bharatia, and Carbon Iceland International have signed a memorandum of understanding (MoU) to jointly explore the development of a large-scale green methanol (eMethanol) project in India.
The agreement was signed in Oslo during the 3rd India-Nordic Summit.
The proposed project is planned with a production capacity of 300 KTPA and aims to utilise carbon dioxide emissions generated from JSW Steel’s operations in Raigad district, Maharashtra. The captured carbon dioxide will be processed into eMethanol using green hydrogen produced through renewable energy sources.
The initiative is expected to support industrial decarbonisation and accelerate the adoption of low-carbon fuels in India’s hard-to-abate sectors.
In November 2025, JSW Energy Limited commissioned a green hydrogen manufacturing plant adjacent to the JSW Steel facility in Karnataka. The facility supplies green hydrogen directly to the plant’s direct reduced iron (DRI) unit to support low-carbon steel production.