India approves $2.2 billion CCUS scheme for hard to abate industries: cement, steel, and power

India has approved a 19,700 crore rupee (roughly $2.2 billion) carbon capture scheme targeting seven industrial sectors including cement, steel, thermal power, and hydrogen production. The plan aims to capture 7 million tonnes of CO2 per year by leveraging public funds to attract private investment, with a total expected outlay of 37,500 crore rupees. The scheme includes a dedicated 2,500 crore rupee R&D fund for domestic technology development and provisions for CO2 pipeline networks that could enable enhanced oil recovery revenue streams. This positions India among the largest emerging market CCUS commitments globally, though the scheme still requires Union Cabinet ratification before full implementation.