SeaVar has set an ambitious target of capturing and storing or reusing 250 million metric tons of CO₂ annually by 2030, which “could be a game-changer in the fight against climate change,” according to Business Wire India.
 
“SeaVar’s path-breaking carbon capture technology allows the responsible use of fossil fuels without disrupting existing energy infrastructure,” said Shreyas Chipalkatty, chief executive of SeaVar LLC. “By capturing CO₂ at the lowest cost, SeaVar also makes possible the foundation of a new carbon economy with benefits in synthetic fuels, soil regeneration and food security.”      
 
“Jindal Steel and Power Group has taken a number of initiatives to reduce its carbon footprint through carbon minimization, carbon avoidance and carbon recycling with an objective to spearhead decarbonization initiatives in the iron and steel sector in India, which is considered a hard-to-abate sector,” said Debasis Maiti, executive vice president, JSP Group. “We also believe that the increase in carbon capture and utilization practices will help us in achieving our mission of net-zero carbon at an accelerated pace."
 
The Council on Energy, Environment and Water (CEEW), an Indian knowledge partner of SeaVar, plans to evaluate the impact of such low-cost technology.