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GLOBAL LEADER
IN VACUUM & HEAT
TRANSFER
TECHNOLOGY
CONTENTS
News
P.12
Transmission constraints
threaten to curb India’s...
P.12
August Energy, Energeia launch
$100 million...
P.16
Saatvik Solar plans 3.6 GW phase II
solar cell facility...
P.16
6X]ORQSODQVൟFURUH
Renewable Energy...
P.18
India crosses 300 GW of non-fossil
fuel-based...
P.18
Adani Energy solutions wins
ൟFURUH0DKDUDVKWUD
P.20
India becomes world’s third-largest
Renewable Energy capacity holder
3
L&T gets LNTP for NTPC’s
0:/DUDVWDJH,,,
3
$&0(VRODUVHFXUHVൟFURUH
IXQGLQJIRU0:
EPS Industry Connect 19th Edition
Nagpur
P.28
Cover Story - I
Modern Power Grid
3
Cover Story - II
Building a Sustainable Energy future
P.38
INTERACTION
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CARBON AND
INTEGRATED
SOLUTIONS
1(;7&+(0 0$,5(
Page
P.76
BPE
Enters
UK market...
P.78
Powercon group
Deepens
leadership...
P.74
Building
on a 24-year
legacy...
P.84
Eaton
India Tech Day
2026...
P.86
Replus
Receives Rs.43 crore
funding...
P.82
Lapp
Celebrates
three decades...
P.80
Orient
Electric
Strengthens...
PRESS RELEASE
Guest Article
The rise of the intelligent Solar Plant
P.45
Guest Article
Solar plant stabilization report for
new plants
P.50
Guest Article
Green Hydrogen in Industry
P.52
Guest Article
Environmental Law and Policy: From
Stockholm to sustainability...P.56
Guest Article
Wind Turbine Industry: India’s journey
to 100% localisation
P.65
Guest Article
Crop Insurance in India: From coverage
to meaningful protection
P.70
Guest Article
Sun in the fast lane: Advances in Solar
Car Technology
P.60
CONTENTS
Dear Readers
The energy landscape is evolving at an unprecedented pace, driven by technological innovation, changing consumer
needs, and the global transition towards cleaner and more resilient power systems. As India continues to strengthen its energy
infrastructure, the need for smarter, more flexible, and sustainable solutions has never been greater.
In this September edition of Industrial Outlook, we bring you insights into some of the most significant developments shaping the
energy and power sector.
Our Cover Story, “Modern Power Grid,” explores how advanced technologies, digitalisation, automation, smart infrastructure, and
grid modernisation are transforming the way electricity is generated, transmitted, distributed, and consumed. Our Cover Story II,
“Building a Sustainable Energy Future,” looks at the opportunities and challenges involved in accelerating India’s transition
towards a cleaner, more secure, and sustainable energy ecosystem.
In our Industry Focus, we feature the Solar Plant Stabilization Report for New Plants, highlighting key considerations for
achieving reliable performance, operational stability, and long-term efficiency in newly commissioned solar projects.
This edition also brings together guest articles, industry perspectives, press releases, latest news, and important industry updates,
keeping our readers informed about the trends, innovations, and developments influencing the sector.
We are also pleased to highlight the 19th edition of EPS Industry Connect – Nagpur, which continues to provide a valuable platform
for meaningful dialogue, knowledge exchange, and collaboration among industry stakeholders.
We sincerely thank our readers, contributors, partners, and industry experts for their continued support, trust, and belief in Industrial
Outlook. Your encouragement inspires us to keep bringing relevant, insightful, and impactful industry content to you.
Happy Reading!
Stay informed. Stay inspired.
Roopal Chaurasia
Disclaimer : The content and numbers of this
edition may mismatch of differ due ot current
change in the market. Industrial Electrical is
not responsible for such changes or errors.
Please write your feedback/
suggestions or question on
editor@industrialoutlook.in
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EDITOR NOTE
Singapore-based energy-as-a-service
(EaaS) infrastructure company August
Energy and Indian energy-efficiency
firm Energeia have launched a $100
million platform, August Energeia, to
finance and implement energy-efficien-
cy and decarbonisation projects for
commercial and industrial customers
across India. The initiative will initially
focus on Cooling-as-a-Service (CaaS),
enabling factories and commercial buil-
dings to modernise cooling systems
without making large upfront capital
investments.
The platform will also support upgrades
involving heating, steam, compressed
air, fuel switching and motor-driven
equipment, along with renewable-ener-
gy projects using solar, wind and battery
storage.Under the EaaS model, August
Energeia will finance, install and
manage the infrastructure, while project
returns will be linked to the energy
savings and performance achieved. This
approach is designed to shift customers
from conventional capital expenditure
to performance-linked operating expen-
diture.
The platform will target energy-inten-
sive industries including pharmaceuti-
cals, automotive, food and beverage,
chemicals, cement, steel, healthcare,
hospitality, data centers and commercial
real estate. August Energy will provide
capital, project structuring and busi-
ness-development expertise, supported
by
institutional
investors,
while
Energeia will contribute energy audits,
engineering execution, technology and
on-ground implementation capabilities.
The partnership aims to aggregate dis-
tributed energy-efficiency projects into
a scalable infrastructure investment
opportunity while helping Indian busi-
nesses reduce operating costs, improve
energy resilience and accelerate decar-
bonisation without diverting capital
from core expansion.
AUGUST ENERGY, ENERGEIA LAUNCH $100 MILLION PLATFORM
FOR ENERGY-EFFICIENCY PROJECTS IN INDIA
NEWS
Insufficient transmission lines have
emerged as a major obstacle to India’s
rapid expansion of renewable energy
capacity, leading to many solar power
projects being “curtailed” during day-
light hours, rating agency ICRA said on
Wednesday (August 19, 2026). Curtail-
ment occurs when a power generator is
forced to reduce or stop producing elec-
tricity due to oversupply and grid
congestion.
Insufficient transmission lines have
emerged as a major obstacle to India’s
rapid expansion of renewable energy
capacity, leading to many solar power
projects being “curtailed” during day-
light hours, rating agency ICRA said on
Wednesday (August 19, 2026). Curtail-
ment occurs when a power generator is
forced to reduce or stop producing
electricity due to oversupply and grid
congestion.
TRANSMISSION CONSTRAINTS THREATEN TO CURB INDIA’S
RENEWABLE ENERGY EXPANSION, SAYS ICRA
12 | September 2026 | www.industrialoutlook.in
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ACME Solar Holdings has secured
₹1,571 crore in long-term project
financing from India Infrastructure
Finance Company (IIFCL) for develop-
ing its 300 MW assured peak power
project in Rajasthan. The financing
carries a 19-year repayment tenure, with
IIFCL acting as the project’s solelender.
According to the company, this is
IIFCL’s first standalone greenfield
financing for an ACME Solar project.
The latest funding takes ACME Solar’s
total financing secured during the
current financial year to ₹10,976 crore.
The project has a 25-year power pur-
chase agreement (PPA) with Solar En-
ergy Corporation of India (SECI) at a
tariff of ₹6.28 per unit. It will combine
solar generation with a 1,350 MWh bat-
tery energy storage system (BESS),
enabling the plant to provide assured
peak power under the PPA.
The project is being developed entirely
within Rajasthan, further strengthening
the state’s role in ACME Solar’s grow-
ing portfolio of hybrid renewable-ener-
gy projects.
ACME Solar has a diversified renew-
able-energy portfolio of 8,370 MW,
covering solar, wind, hybrid, storage
and firm and dispatchable renewable
energy projects. Its operational
con-
tracted capacity stands at 2,990 MW,
while 5,380 MW of contracted capacity
is under construction.
The company reported strong financial
growth in June 2026, with consolidated
net profit rising 79.87% to ₹235.33
crore, while sales increased 67.81% to
₹857.48 crore year-on-year.
ACME SOLAR SECURES ₹1,571 CRORE FUNDING FOR 300 MW
RAJASTHAN POWER PROJECT
NEWS
L&T Energy CarbonLite Solutions has
received a Limited Notice to Proceed
(LNTP) from NTPC Ltd for the main
plant package of the 2×800 MW Lara
Stage-III thermal power project in
Chhattisgarh.
The project will add 1,600 MW of
generation capacity to India’s power
grid and represents L&T’s third
ul-
tra-supercritical thermal power project
awarded by NTPC in the past two years.
Under the EPC contract, L&T will und-
ertake the engineering, procurement,
manufacturing, supply, erection, testing
and commissioning of two 800 MW
ultra-supercritical units. The scope cov-
ers boilers, steam turbines, generators,
electrostatic precipitators, air-cooled
condensers and associated mechanical,
electrical, control, instrumentation and
civil works.
The formal Notice to Proceed will
follow after obtaining environmental
clearance and completion of the LNTP
period.
The project’s ultra-supercritical tech-
nology is expected to improve genera-
tion efficiency and reduce specific emi-
ssions while providing reliable baseload
power to support India’s growing
electricity demand.
L&T GETS LNTP FOR NTPC’S 1,600 MW LARA
STAGE-III THERMAL POWER PROJECT
14 | September 2026 | www.industrialoutlook.in
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Wind energy major Suzlon Group is
set to significantly expand its renewable
energy footprint in Andhra Pradesh with
a proposed investment of around
₹10,000 crore. The investment forms
part of the company’s broader growth
strategy for the state and is expected to
accelerate the development of new wind
and renewable energy projects.
The planned expansion is projected to
generate approximately 4,000 direct and
indirect employment opportunities, pro-
viding a boost to local economic activi-
ty and creating demand across the
renewable energy supply chain, includ-
ing construction, engineering, logistics,
operations and maintenance.
As part of its long-term vision, Suzlon
is targeting the development of an
additional 5 GW of renewable energy
capacity in Andhra Pradesh by 2030.
The proposed capacity addition is
expected to strengthen the state’s posi-
tion as an important hub for renewable
power generation and support India’s
transition towards cleaner energy sourc-
es.
Suzlon already has a substantial pres-
ence in Andhra Pradesh, with more than
1,700 MW of installed wind power
capacity across the state. The proposed
investment will build on this existing
portfolio and deepen the company’s
engagement with the state’s renewable
energy sector.
The expansion comes amid growing
demand for renewable electricity and
increasing investments in wind and
hybrid power projects across India.
Suzlon’s planned ₹10,000-crore invest-
ment could therefore create opportuni-
ties for EPC contractors, equipment ma-
nufacturers, infrastructure companies,
transmission developers and renewable
energy service providers.
SUZLON PLANS ₹10,000 CRORE RENEWABLE ENERGY
EXPANSION IN ANDHRA PRADESH
NEWS
Saatvik Solar Industries recently said
it has signed an initial agreement with
the Industrial Promotion and Invest-
ment
Corporation
of
Odisha
Ltd
(IPICOL) to set up a 3.6 GW solar cell
manufacturing facility at Gopalpur in
Odisha.
The proposed project is expected to
create employment opportunities and
contribute to the development of the
broader industrial ecosystem in the
region.
“Odisha is more than a manufacturing
milestone for Saatvik; it is a statement
of our ambition. As our 2.4 GW cell and
4 GW module manufacturing lines
move towards production, we are taking
a decisive step towards building scale,
strengthening integration and creating
the foundation for our next phase of
robust growth,” Prashant Mathur, CEO
of Saatvik Green Energy Ltd, said in a
statement.
The proposed facility will form part of
the company's efforts to expand its
manufacturing capacity and strengthen
its presence across the solar value
chain.
SAATVIK SOLAR PLANS 3.6 GW PHASE II
SOLAR CELL FACILITY IN ODISHA
16 | September 2026 | www.industrialoutlook.in
Adani Energy Solutions Ltd. (AESL),
India's largest private transmission and
distribution company and part of the
globally diversified Adani portfolio,
today won a key transmission project
for evacuation of renewable energy
generated in Karnataka to major load
centres in Maharashtra. The project,
which entails an estimated capital
expenditure of ~Rs 4,700 crore, will al-
so support the growing pumped storage
ecosystem in the Satara, Pune and
Mumbai Metropolitan Region (MMR).
The project, called “Network Expansion
Scheme in Western Region to Cater to
Pumped Storage Potential near Satara
(up to 4500 MW) - Part A”, was won
through the Tariff Based Competitive
Bidding (TBCB) process, where AESL
emerged as the lowest bidder.
Housed under Special Purpose Vehicle
(SPV) Satara Power Transmission Ltd.,
the project will be delivered to the
nation within 36 months. It will add 562
circuit kilometres (ckm) of transmission
lines and 9,000 MVA of transformation
capacity to AESL's portfolio, taking its
cumulative transmission network to
29,739 ckm and 1,43,425 MVA transfor-
mation capacity.
"Pumped storage projects are emerging
as a critical enabler of India's clean
energy transition by providing the
flexibility and reliability required to
integrate large-scale renewable energy
into the grid. The Satara transmission
project will create a vital transmission
backbone to supports both renewable
energy evacuation and energy storage
deployment, strengthening power flows
between Southern and Western India.
AESL remains committed to building
future-ready transmission infrastructure
that enables renewable energy growth,
enhances grid stability and supports
India's
long-term
decarbonisation
goals," Mr. Kandarp Patel, CEO, Adani
Energy Solutions Ltd.
ADANI ENERGY SOLUTIONS WINS ₹4,700 CRORE MAHARASHTRA
TRANSMISSION PROJECT FOR 4,500 MW
RENEWABLE POWER EVACUATION
NEWS
India has crossed 300 Gigawatts of
non-fossil fuel-based installed electrici-
ty generation capacity. Akashvani cor-
respondent reports that the milestone of
crossing 300 gigawatts of non-fossil
fuel-based installed electricity genera-
tion capacity represents more than 60
per cent of the 500 gigawatts capacity
target set for 2030. The Ministry of New
and Renewable Energy said that the
share of non-fossil fuel-based electrici-
ty capacity in the country’s total
installed electricity generation capacity
has reached over 54 per cent. It added
that the growth in clean energy genera-
tion has been driven by strong contribu-
tions across sectors.
In the total Non-Fossil Fuel Capacity of
the country, solar energy has remained a
key growth engine, with around 165
gigawatts of installed capacity at pre-
sent. According to the Ministry, a record
55.29 gigawatts of non-fossil fuel-based
electricity generation capacity was
added in the country during 2025-26.
The rapid progress in renewable energy
capacity is also reflected in renewable
energy generation, which has increased
from nearly 191 billion units in 2014-15
to over 477 billion units in 2025-26. The
Ministry further said that the clean
energy transition is no longer just a
climate commitment, it is central to
shaping India’s industrial competitive-
ness, energy independence, and eco-
nomic resilience.
INDIA CROSSES 300 GW OF NON-FOSSIL FUEL-BASED
INSTALLED ELECTRICITY GENERATION CAPACITY
18 | September 2026 | www.industrialoutlook.in
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India has emerged as the world’s thi-
rd-largest country in renewable energy
installed capacity, overtaking Brazil,
Union Minister Pralhad Joshi.
Citing the latest Renewable Energy
Statistics 2026 released by the Interna-
tional
Renewable
Energy Agency
(IRENA), the minister said India now
ranks behind only China and the United
States in total renewable capacity.
Record Growth in Capacity and Gen-
eration
India achieved a total non-fossil fuel
installed capacity of 283.46 GW as of
March 31, 2026, including 274.68 GW
from renewable sources and 8.78 GW
from nuclear power.
During FY 2025-26, the country added a
record 55.3 GW of non-fossil capacity
the highest annual increase to date ne-
arly doubling the previous year’s addi-
tion.
The country also reached a significant
milestone in June 2025 by achieving
50% of its cumulative installed power
capacity from non-fossil sources, five
years ahead of its 2030 target under the
Paris Agreement.
Renewables Power Over Half of Peak
Demand
Highlighting a major achievement,
Joshi said that in July 2025, renewable
energy sources met 51.5% of India’s
electricity demand of 203 GW the high-
est-ever share.
Overall, renewable energy (including
large hydro) contributed 26.2% of total
electricity generation in FY 2025-26,
while non-fossil sources accounted for
29.2%.
India’s
total
electricity
generation
during the year stood at 1,845.9 billion
units (BU).
Solar and Wind Lead Expansion
Solar energy continues to dominate
India’s renewable growth, with installed
capacity surging to 150.26 GW over 53
times higher than in 2014. Wind energy
capacity also grew significantly to
56.09 GW.
FY 2025-26 saw the highest-ever annual
solar capacity addition of 44.61 GW,
driven by utility-scale projects, rooftop
installations, and schemes such as PM
KUSUM.
INDIA BECOMES WORLD’S THIRD-LARGEST
RENEWABLE ENERGY CAPACITY HOLDER
NEWS
20 | September 2026 | www.industrialoutlook.in
Q. Kosol Energie has evolved into
a comprehensive renewable energy
solutions provider. What have been
the key milestones in this journey,
and what strategic vision is guiding
the company's next phase of growth?
Kosol Energie’s evolution began in
2010 with the acquisition of Sunray,
which quickly gained recognition amo-
ng India’s top five solar water heater
brands. The company established its
core production capabilities in 2012 by
commissioning a 50 MW fully auto-
mated European solar PV manufactur-
ing line utilizing equipment imported
directly from Italy, alongside execut-
ing India’s first 2.5 MW rooftop tender
in Gandhinagar through a joint venture
with SunEdison. Kosol steadily scaled
its manufacturing throughput from 100
MW in 2016 to 250 MW in 2018,
crossing the gigawatt threshold at 1.1
GW in 2023 and expanding to a total
capacity of 3.1 GW by 2026. Parallel
to manufacturing, the enterprise diver-
sified into specialized sectors through
dedicated brands: KOSEP delivered
the 41 MW Sky Project in 2016,
GSECL’s 42 MW Khandia project in
2019, its first 100 MW order in 2023,
and a 250 MW single-location installa-
tion in 2024; Koraam entered the
agricultural domain in 2016 and sur-
passed 10,000 solar water pump in-
stallations by 2026; Sunray secured
India’s largest single-distributor roof-
top order of 300 MW in Andhra
Pradesh in 2025; and the EDGE
division secured a major PV supply
deal with NTPC Ltd. in 2024 before
executing a standalone 1 GW module
order in 2026. Operating as true energy
engineers, Kosol Energie’s primary
driver is delivering complete, end-to-
end renewable energy solutions tai-
lored to diverse customer demands. To
advance this mission, the next strategic
phase centers on diving deep into Bat-
tery Energy Storage Systems (BESS)
leveraging the proven expertise and
solutions
Kosol
has
successfully
deployed in the US market since 2015
and adapting them directly for India’s
growing grid and commercial de-
mands. Integrating mature storage
technologies seamlessly into its eco-
system significantly broadens Kosol
Energie’s comprehensive solution por-
tfolio, accelerating customer reliability
and strongly anchoring the company's
broader vision of driving the transition
toward a net-zero future.
Q. Manufacturing competitive-
ness has become crucial amid in-
creasing global demand for high-ef-
ficiency PV modules. How is Kosol
enhancing product quality, automa-
tion, and technological innovation?
Kosol Energie reinforces its manufac-
turing competitiveness and technologi-
cal leadership by pairing high-through-
put automated production with ad-
vanced module resilience, innovative
form factors, and tailored sectoral ap-
plications. Rather than focusing solely
on next-generation cell formats and
higher power densities, the company
actively enhances current PV designs
to ensure superior field durability,
including engineering specialized hail-
resistant modules built to withstand
extreme environmental stress and
physical impacts without micro-crack-
ing or power degradation. Kosol is also
transforming how modules are de-
ployed in real-world environments
through Building-Integrated Photovol-
taics (BIPV), seamlessly turning build-
ing surfaces into generation assets, and
integrating flexible Battery Energy
Storage Systems (BESS) to deliver
dependable, round-the-clock dispatch-
able power.
This commitment to complete, applica-
tion-specific clean technology extends
directly through Kosol's specialized
sub-brands. Sunray optimizes rooftop
efficiency for residential and commer-
cial customers by pioneering hybrid
PV-Thermal (PVT) systems, which
merge
electricity
generation
and
thermal water heating into a single unit
to maximize limited roof space and
boost capital returns. Simultaneously,
Koraam drives decentralized economic
resilience for the agricultural sector the
true backbone of the economy by
equipping farmers with high-impact
solar farming tools. These include
automated solar dryers that drastically
accelerate crop processing times and
off-grid solar-powered cold storage
units that preserve harvest quality,
mitigate post-harvest loss, and signifi-
cantly lower operating expenditures.
Q. How important are R&D and
innovation in maintaining a compet-
itive edge in today's rapidly evolving
renewable energy landscape?
Driving
India’s
Clean Energy
Transition
INTERACTION
Mr. Kayan Kalthia
Executive Director - Business
Development
Kosol Energie Pvt. Ltd.
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Research and development serve as the
fundamental backbone of Kosol Ener-
gie’s market competitiveness, provid-
ing the strategic flexibility needed to
navigate shifting industrial tailwinds,
regulatory headwinds, and rapid tech-
nological transitions. Maintaining a
substantial R&D and testing budget
underpins a deeply diversified product
portfolio, ensuring resilience across
utility, commercial, residential, and
agricultural domains rather than over-
relying on a single market segment.
Crucially, Kosol’s innovation frame-
work extends beyond the design of
next-generation modules to encompass
rigorous, continuous long-term field
testing of existing products. By sys-
tematically comparing real-world -
degradation and energy yields against
initial accelerated laboratory stress
testing data, Kosol closes the loop
between theoretical simulation and
actual field endurance, driving bank-
ability, superior product quality, and
long-term asset performance for clien-
ts.
Q. Looking ahead five years, what
trends do you believe will redefine
India's renewable energy industry,
and how is Kosol preparing to capi-
talize on these opportunities?
Over the next five years, India’s re-
newable energy landscape will pivot
from simple capacity addition to
round-the-clock, dispatchable clean
power, fundamentally reshaped by the
mainstreaming of Battery Energy Stor-
age Systems (BESS) and the rise of
Energy-as-a-Service (EaaS) models.
As commercial, industrial, and utility
consumers demand guaranteed uptime
and peak-tariff optimization rather
than merely purchasing hardware,
energy generation will merge directly
with intelligent storage and service-dr-
iven power contracts. Kosol Energie is
positioned to lead this transition by
combining hardware with smart micro-
grid software and energy management
platforms. These digital solutions al-
low for real-time monitoring, intelli-
gent load balancing, and dynamic
battery orchestration, making decen-
tralized microgrids and EaaS offerings
seamless, reliable, and commercially
viable for high-demand consumers.
At the same time, land acquisition
bottlenecks and the saturation of prime
ground-mounted sites will make alter-
native module deployment formats
essential for sustained deployment.
Kosol is addressing these spatial
constraints directly by engineering
specialized, non-traditional solutions
including Building-Integrated Photo-
voltaics (BIPV) that convert urban
architecture into active power-generat-
ing assets, and floating solar installa-
tions that conserve valuable land while
boosting module yield through natural
water cooling. By integrating
ad-
vanced software intelligence with
storage
capabilities
and
versatile
deployment formats, Kosol Energie is
ready to capture high-margin market
share and drive India’s transition
toward a resilient, net-zero future.
INTERACTION
As countries accelerate efforts to
decarbonize heavy industry, carbon
capture and storage (CCS) hasemerged
as a critical pathway yet it remains
surrounded by misconceptions and
oversimplifications.
According
to
Fabio Ferrari, Head of Circular Carbon
and Integrated Solutions at Nextchem,
MAIRE’s
company
dedicated
to
Sustainable Technology Solutions, the
reality is far more complex: “There is
no single CCS technology on the
market, but rather a spectrum of
solutions offering increasing decarbon-
ization levels at proportionally higher
costs.”
Building on its historical engineering
portfolio, MAIRE has developed a
unique vantage point. Decades of
experience building carbon capture
units, originally for urea production,
have evolved into a robust, diversi-
fied technological platform capable of
addressing today’s most urgent climate
and industrial challenges.
A Legacy Turned Strategic Asset
Long before carbon management
became a global priority, MAIRE
companies had already engineered
numerous
CO₂
capture
systems
typically with capacity of 400–450
t/day, accounting for approximately
25–30% of the existing post combus-
tion market. These plants were not
designed to remove greenhouse gases,
but to enable the production of urea,
relying on CO₂ as a feedstock.
Today, this legacy now forms the
backbone of Nextchem’s NX Decarb™
decarbonization value proposition: a
flexible suite of technologies providing
tailor made solutions for industries
with very different emissions profiles
fertilizers, cement, glass, paper, steel,
and more.
Why CCS Is Not One-Size-Fits-All
Ferrari emphasizes that post combus-
tion amine-based capture, although in-
dustrially mature, is not universally
applicable.
• For fertilizer producers, it is highly
efficient in decarbonizing ammonia
plants by capturing CO₂ to create low
carbon products.
• For smaller-scale emitters such as
local cement kilns, glass furnaces or
paper mills capital and operating costs
becomes prohibitive.
This is why Nextchem’s portfolio
spans multiple alternatives, including
upstream CO₂ reduction, syngas opti-
mization, carbon utilization technolo-
gies and cryogenic liquefaction.
Beyond Capture: The CO₂ Manage-
ment Challenge
Capturing CO₂ is only the first step.
The real bottleneck, Ferrari explains,
lies in infrastructure and regulation.
“Today’s reality is defined by a lack of
infrastructure and clear legislative
frameworks. Large emissions require
sequestration, and part of the CO₂ can
be converted using green energy, but
logistics remain the biggest
chal-
lenge,” he explains.
Cryogenic Liquefaction: A MAIRE
Breakthrough
To overcome transport constraints,
MAIRE has leveraged its historic oil &
gas cryogenics expertise to develop a
proprietary auto refrigerated CO₂
liquefaction technology.
This system:
Carbon
Capture: From
Legacy to
Scale
INTERACTION
Mr. Fabio Ferrari
Head of Circular Carbon
and Integrated Solutions
Nextchem (MAIRE)
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Carbon Capture: From Industrial Legacy to Scalable
Decarbonization
24 | September 2026 | www.industrialoutlook.in
• Enables large scale CO₂ handling
(70–100 t/hour),
• Avoids external refrigerants,
• Improves efficiency enough to mate-
rially enhance project economics,
• Reduces the dependence on econo-
mies of scale, which have traditionally
limited CCS to large emitters.
Once liquefied, CO₂ can be transported
more efficiently for geological storage
or re vaporized for injection in under-
ground formations.
Regulation: The Game-Changer for
Global Competitiveness
Ferrari draws a clear parallel with the
historical evolution of catalytic con-
taminant removal systems once option-
al, now an industrial standard. CO₂, he
argues, is likely to follow the same
trajectory.
However,
regulatory
asymmetries
remain a significant barrier:
• Europe’s Emissions Trading Sys-
tem (ETS) increases costs for domes-
tic producers without fully addressing
competitiveness.
• The Carbon Border Adjustment
Mechanism (CBAM) is designed to
correct this imbalance by requiring
imports to meet comparable decarbon-
ization standards.
• The United States promotes CCS
through escalating tax credits linked to
the quantity of CO₂ captured.
• China, while not yet aggressively
reducing emissions, invests heavily in
decarbonization technologies and in-
tellectual property to secure future
advantage.
These discrepancies delay global in-
dustrial alignment highlighting the
need for systemic, long term policy
frameworks.
Carbon Utilization: Turning CO₂
into Value
Nextchem’s portfolio also includes
technologies that use CO₂ as a feedsto-
ck, creating circular, low carbon value
chains.
Examples include:
• Urea production, where Stamicar-
bon MAIRE’s licensing arm holds over
50% of the global market,
• Methanol synthesis via CO₂ activa-
tion, a particularly promising pathway
for maritime fuel decarbonization,
• Integration of syngas optimization,
catalytic partial oxidation, ATR, and
electric steam reforming to reduce up-
stream CO₂ intensity.
These solutions demonstrate that CCS
is not only a cost center, but also a
route to value creation in the low car-
bon economy.
Flagship Projects: CCS at Industrial
Scale
MAIRE is currently deploying CCS
and CO₂ management technologies in
several large-scale projects.
Hail & Ghasha (UAE)
A mega gas development project where
Nextchem
provides
hydrogen-CO₂
separation technologies. Captured CO₂
is used for enhanced recovery, while
cryogenic sections leverage CO₂ to
improve separation efficiency.
Casalborsetti (Italy)
In partnership with Italian oil and gas
group Eni, MAIRE implemented car-
bon capture and qualification systems
for safe pipeline transport and under-
ground sequestration one of Italy’s first
CCS projects.
Macegaglia (Italy)
A pioneering project funded by the EU
Innovation Fund to decarbonize the
steel supply chain through amine
capture and advanced recovery of
iron-bearing residues. MAIRE has
completed the pre FEED phase and is
progressing to the next design stages.
CCS as Part of a Broader Decarbon-
ization Strategy
Ferrari stresses that CCS is not MAIRE
group’s sole strategic focus, but a key
component of a wider decarbonization
approach. The Group prioritizes
designing inherently low carbon assets
while offering:
• Revamping solutions for existing
plants,
• Integration engineering to manage
complex interfaces,
• Tailored technology packages for
specific industrial applications.
While single solution can achieve
global decarbonization, CCS remains
indispensable across hard to abate
sectors where process emissions can-
not be fully eliminated.
A Pragmatic View of the Future
As industrial ecosystems evolve, CCS
is set to become both an environmental
necessity and a competitive require-
ment. Ferrari offers a long-term per-
spective: when CO₂ reaches a certain
level of societal and regulatory sensi-
tivity, no industrial furnace will be
built without a carbon emission control
system just as no plant today operates
without treating toxic contaminants.
Through its engineering experience
and Nextchem’ s innovation capabili-
ties, MAIRE is positioning itself at the
forefront of this transition: transform-
ing CO₂ from a liability into a man-
aged, stored or repurposed industrial
resource and enabling industries world
wide to shift from ambition to execu-
tion.
INTERACTION
25 | September 2026 | www.industrialoutlook.in
India is emerging as a key market for
scalable carbon capture, utilization,
nd storage (CCUS) as its fast ‑growing
industrial base especially in fertilizers,
steel, cement, refining, and chemicals
faces increasing pressure to decarbon
ize. The 2026 Union Budget marked a
turning point, introducing a ₹20,000
crore
(USD
2.2
billion)
CCUS
program targeting high ‑ emitting sec-
tors and positioning carbon manage-
ment as central to India’s net‑zero 2070
strategy. Alongside domestic policy,
external pressures such as the EU’s
Carbon Border Adjustment Mecha-
nism are reinforcing the urgency for
Indian industry to adopt CCUS not just
as a climate solution, but as a competi-
tiveness requirement.
India’s industrial structure makes it
particularly suited to CCS deployment,
with large, concentrated CO₂ streams,
growing demand for low‑carbon fuels
and chemicals, and coastal industrial
hubs that could support shared trans-
port and offshore storage networks.
As companies seek to decarbonize
without disrupting production, CCS
offers a practical pathway. At the same
time, the challenge extends beyond
capture to full CO₂ management trans-
port, utilization, and storage creating
demand for integrated solutions align-
ed with emerging national priorities
such as pilot‑to‑scale development and
shared infrastructure.
This creates a strong opportunity for
Nextchem and MAIRE. With capabili-
ties in post‑combustion capture, cryo-
genic CO₂ handling, and complex
industrial integration, Nextchem par-
ticularly with NX Decarb - is well po-
sitioned to support India’s transition
from pilot projects to large‑scale de-
ployment. As policy, industrial de-
mand, and export pressures converge,
India is set to become one of the most
dynamic global markets for carbon
management, offering a clear pathway
for scalable, commercially viable CCS
solutions.
By Bharat Goenka - Regional
Vice President, India - Nextchem
(MAIRE)
INTERACTION
Mr. Bharat Goenka
Regional Vice President India
Nextchem (MAIRE)
India: A
Market Poised
for Scalable
Carbon
Management
India: A Market Poised for Scalable
Carbon Management
26 | September 2026 | www.industrialoutlook.in
Glimpses from
EPS INDUSTRY CONNECT MEET
DEYE NEW ENERGY
AKHILADHNYA
KOSOL ENERGIE
COMPANY PRESENTATIONS
Nagpur
28 | September 2026 | www.industrialoutlook.in