Dastur Energy's Vision for Decarbonisation and Growth in India
Key Ideas
  • Dastur Energy focuses on industrial decarbonisation, renewable energy integration, and clean fossil fuel utilization in India.
  • Challenges with green hydrogen production economics are highlighted, with costs expected to range from $4 to $7 per kg globally.
  • The company collaborates with the government and key players like Indian Oil Corporation and BPCL for carbon capture and waste conversion projects.
  • Anticipated growth areas include capturing CO2 for valuable products, renewable energy integration, and clean utilization of fossil resources like coal.
Dastur Energy, in collaboration with the government and industry players, is at the forefront of decarbonisation efforts in India. CEO Atanu Mukherjee discusses the challenges of green hydrogen production economics, with costs expected to range from $4 to $7 per kg globally. The focus on industrial decarbonisation is crucial due to the significant CO2 emissions from non-electric sectors like steel, plastics, and cement. Collaborations with government bodies and companies like Indian Oil Corporation and BPCL on carbon capture projects showcase the company's commitment to reducing industrial emissions. Dastur Energy's growth areas include converting CO2 into valuable products, enhancing renewable energy integration, and exploring clean utilization of fossil resources like coal. By aligning its business strategy with India's net-zero goal for 2070, the company aims to address and abate a substantial portion of India's industrial emissions. With a revenue target of $25-30 million for FY25 and a projected 25-30% CAGR growth in India, Dastur Energy is poised for significant expansion in the coming years.
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