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JSW Steel signs MoU with Bharatia and Carbon Iceland International

25 May 2026 Evaluate

In a significant step towards industrial decarbonisation and the development of next-generation green fuel infrastructure, JSW Steel, Bharatia and Carbon Iceland International, have signed a strategic Memorandum of Understanding (MoU) to jointly explore the development of a large-scale green methanol (eMethanol) project in India. 

The proposed project, of 300 KTPA, is intended to utilise carbon dioxide (CO2) emissions generated from JSW Steel’s operations in district Raigad, Maharashtra, and convert them into eMethanol using green hydrogen produced from renewable energy sources.

The collaboration seeks to establish a scalable carbon capture and utilisation (CCU) pathway for the steel sector, while also supporting India’s broader energy transition and industrial decarbonisation ambitions. The initiative aims to demonstrate how industrial emissions can be transformed into low-carbon fuels and chemical feedstocks, creating a replicable model for future green industrial infrastructure.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.


JSW Steel Share Price

1300.55 -11.55 (-0.88%)
04-Jun-2026 16:59 View Price Chart
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Company Name CMP
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JSW Steel 1300.55
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