Projects led by Jindal Steel Limited, JSW Steel, ACME Group, Yamna, Circular Urban Energy and ReNew are among those selected for support through the ITA’s India Project Support Programme.
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As the ITA India Project Support Programme progresses, developers across chemicals, steel,
aviation, and shipping will receive financial de-risking, clean demand
creation, and project-readiness
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India has 65+ commercial-scale clean industrial
projects, including deep
decarbonisation and other lower-emissions projects
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The
country’s clean industry pipeline has the potential to attract more than USD 160bn in investment in the
coming years
New Delhi : The Industrial
Transition Accelerator (ITA), a global multi-stakeholder
initiative launched at COP28 to fast-track industrial transition across
energy-intensive industry and transport sectors, today announced the selection
of 11 projects that will receive
tailored support as part of its India Project Support Programme to accelerate
critical clean industrial projects.
The selected projects, led by companies
including Jindal Steel Limited, JSW
Steel, ACME Group, Yamna, Circular Urban Energy (CUE) and ReNew, represent
a more than USD 18 billion in potential
investment and could deliver over 7.8 million tonnes of annual carbon abatement
across multiple sectors.
Together, the projects will produce essential
clean materials for buildings and infrastructure, such as steel and concrete;
low-emission fuels for aviation and shipping; and chemicals such as ammonia, a
critical component for agricultural fertilisers. Clean chemicals dominate the
portfolio with more than 70% of the pipeline in green ammonia and green
methanol, reflecting India’s renewable advantage and ambitions for a Viksit Bharat (“Developed India”).This portfolio reflects India’s growing
pipeline of commercial-scale projects designed to accelerate the transition to
low-emission industrial production and drive broader, economy-wide impact.
Selected for their alignment with ITA’s mission
to decarbonise heavy industry and long-distance transport, the projects
represent commercial scale deployment of green industrial technologies in
India.
- Jindal Steel Limited is developing a carbon
capture, utilisation and storage (CCUS) project at its integrated steel
plant in Angul, Odisha. Captured carbon will be utilised in products such
as methanol, ethanol, polycarbonates and mineralised materials, creating a
scalable model for low-carbon steel production. With an operational carbon
capture capacity of 1.0-1.2 Mtpa from direct reduced iron (DRI) off-gases,
it is among the world’s largest CCUS installations in an integrated steel
plant.
- JSW Steel, in collaboration with Carbon Clean and
BHP, is jointly evaluating the feasibility of deploying Carbon Clean’s
CycloneCC modular technology to capture up to 100,000 tonnes per year of
CO2 emissions at JSW Steel’s Vijayanagar site, Karnataka.
- ACME Group is
developing green chemicals projects at Gopalpur and Paradip in Odisha. The
projects include 400 KTA and 800 KTA green ammonia facilities
respectively, alongside a 200 KTA green methanol plant at Paradip. The Paradip
facilities are targeted for completion by 2029, while the Gopalpur project
is expected to be completed by 2030.
- ReNew, India’s leading renewable energy company, is
advancing a green ammonia
project at Paradip, Odisha, with an initial Phase-1 capacity of 300 Ktpa. By 2029, the project is
expected to achieve Commercial
Operation Date (COD), positioning it as a cornerstone of India’s
emerging clean fuels export ecosystem.
- Yamna is developing a large-scale green ammonia
project in Andhra Pradesh, near Krishnapatnam Port, with a planned
capacity of up to 1 Mtpa, including 500 Ktpa in Phase 1. Powered by
round-the-clock renewable grid electricity, the project seeks supply
cost-competitive green ammonia and hydrogen to sectors such as
fertilisers, steel, refining and shipping, serving both domestic and
international markets.
- Circular Urban Energy (CUE) is
developing a waste-to-sustainable aviation fuel (SAF) project in Uttar
Pradesh’s Jewar region within the Noida International Airport ecosystem.
Designed to process around 3,500 tonnes of municipal and residual waste
per day, the facility will produce approximately 1,000 barrels of SAF per
day through an advanced thermochemical process. The project will divert
waste from landfills while supplying low-carbon aviation fuel, creating a
scalable model that links urban waste management with aviation
decarbonisation and supports India’s emergence as a producer of
sustainable fuels.[1]
Under its project support programme, ITA works with
governments, project developers, financial institutions, value-chain players,
and civil society to help clean industrial projects to reach financial
investment decisions (FID). Across in-country programmes in Brazil, UAE, India
and Egypt, ITA is currently supporting 39 projects with USD 60-65 bn in
investment potential. Selected projects receive tailored support to address
critical barriers to FID, including through the development, implementation,
and scaling of policy, market, and financial interventions that can also
benefit the wider sector.
James Schofield, Managing
Director, Industrial Transition Accelerator, said: “India’s clean industry pipeline is already
taking shape across several sectors, from chemicals and steel to emerging clean
fuels. Backed by abundant renewables, industrial scale and accelerating project
momentum, the country has the potential to emerge as a global powerhouse for
clean industrial development. India is well positioned to attract investment,
supply growing demand for cleaner materials, and capture the economic and
resilience benefits of leading the world’s next industrial shift. In a world
shaped by geopolitical volatility, the ability to produce clean materials
domestically and competitively will be a key driver of both economic resilience
and long-term growth.”
Yash Kashyap, India Lead,
Industrial Transition Accelerator, said: “Many of
the projects we are working with are viable but face barriers that sit outside
the developers’ direct control. ITA works alongside project developers,
policymakers and financial institutions to help address these barriers and
accelerate progress toward investment decisions. The opportunity now is to
translate this project pipeline into operating assets. The next few years will
be critical in determining which countries become leaders in clean industrial
production, and India has the potential to be among them.”
India is emerging as a major hub for clean
industrial development. Analysis from ITA’s India
Insights Briefing, published in November 2025 alongside the launch of its India Programme, identified more than 65 commercial scale clean industrial
projects across the chemicals,
steel, cement, aviation, and aluminium sectors. This pipeline positions
India among the most significant emerging markets for low-emission industrial
production. It reinforces India’s leading role in the global industrial
movement focused on clean development and as a member of the “new industrial
sunbelt,” a bloc of countries with plentiful renewable energy resources and
favourable conditions for clean industry.
Of
the 65 projects:
·
59 are awaiting
investment;
·
53 are deep decarbonisation projects;
·
12 include lower-emissions projects with the potential to make a
material impact to reducing industrial emissions;
·
Two have reached
final investment decision; and
· Four partially renewable-powered brownfield aluminum smelters are currently in operation.