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The report evaluates CCUS as a primary decarbonization lever for India's steel sector, specifically targeting the emission-intensive BF-BOF route. It identifies single-point pre-combustion capture with gas conditioning as the most cost-effective technical approach, with a net CO2 abatement cost of USD 5560/tCO2. The study maps seven steel clusters in Eastern India and finds significant geological storage potential, primarily in deep saline aquifers (estimated at 62 Gt). To overcome high capital costs, the report proposes novel financing instruments like Partial Deep Discount Carbon STRIPS (PDDCS) bonds and the establishment of a Carbon Capture Finance Corporation (CCFC). It concludes that a breakeven carbon price of approximately INR 2,099 (USD 25)/tCO2 is necessary for project financial viability in a mature market.

The document identifies specific steel clusters in India—including Angul, Rourkela, Raigarh, Raipur, Jamshedpur, Durgapur, and Vizag—and assesses their CO2 emissions against available storage capacities in saline aquifers, coal fields, and basalt formations. It provides a comparative list of global operational CCUS projects and outlines the regulatory and financial support mechanisms for CCUS in the United States, European Union, United Kingdom, and China.