NCM receives no fees, commissions, or referral payments from any vendor, technology licensor, equipment supplier, or service provider in the CCUS supply chain. This is not a procedural policy — it is the commercial foundation of NCM's advisory value. A client asking NCM to evaluate capture technology licensors, select CO₂ compression vendors, or identify storage monitoring contractors receives an assessment based exclusively on technical performance and commercial fit — not on any NCM financial relationship with any vendor.
NCM's vendor ecosystem map covers more than 90 organisations across 12 supply chain categories — from capture solvent developers and compressor OEMs to carbon registries and MRV service providers. This comprehensive mapping ensures that NCM's technology evaluations are exhaustive rather than limited to well-known vendors, and that clients have access to the full competitive landscape rather than the subset of vendors with large marketing budgets.
KS-1 solvent deployed at Boundary Dam (Canada), Tomakomai (Japan), and Sleipner-related facilities. Licensed to 12 projects globally. NCM has assessed KS-1 against Indian coal power flue gas compositions — performance data available for client evaluations.
CANSOLV DC-103 deployed at Quest (Canada) — 10+ years of SMR CCS operational data directly applicable to Indian refinery blue hydrogen projects. DC-201 is NCM's benchmark solvent for Indian cement PCC applications based on performance at Quest and Boundary Dam.
Modular Just Catch technology enables faster deployment at smaller initial scale — relevant for India's WtE BECCS cluster concept and small cement plants. Northern Lights commercial relationship provides storage integration reference. NCM is assessing Just Catch for Delhi WtE BECCS pilot.
MHI's advanced KS solvent series represents the most deployed proprietary amine technology globally. MHI is NCM's primary reference for large-scale coal power PCC assessments — applicable to NTPC supercritical units. MHI's IGCC CCS reference data also informs NCM's coal gasification assessments.
BASF's OASE solvent (licensed through Linde) is the world's most deployed physical absorption technology for pre-combustion CCS — applicable to coal gasification and refinery SMR PSA reject gas. NCM evaluates OASE Blue for all Indian coal gasification + CCS feasibility studies.
Selexol is the dominant physical solvent for coal gasification pre-combustion CCS globally — including Dakota Gasification, the 25-year reference project for India's coal gasification CCUS programme. NCM uses Selexol/Rectisol performance data for all gasification pre-combustion CCS feasibility assessments.
Heidelberg Materials operates the world's first full-scale cement CCS installation at Brevik, Norway — the definitive reference project for Indian cement CCUS. NCM has a direct knowledge exchange relationship with Heidelberg Materials through ACC India's parent company relationship. Brevik operational data is applied directly to Indian cement pre-FEED work.
Carbon Clean's CycloneCC technology uses rotating packed beds to dramatically reduce the footprint of amine capture systems — relevant for Indian industrial sites with space constraints. Carbon Clean has India presence and has engaged with Indian industrial clients. NCM has assessed CycloneCC for cement and steel applications with site constraint requirements.
ICE-31 solvent claims the lowest energy penalty of any commercially available amine system — 2.0–2.3 GJ/t CO₂ vs. conventional 3.5–4.0 GJ/t. Verified at Wyoming Integrated Test Center. NCM is evaluating ICE-31 for NTPC supercritical coal power PCC applications where steam extraction is a binding constraint.
Baker Hughes Nuovo Pignone is NCM's primary reference for large-scale CO₂ compression — providing the compressor specifications NCM uses in all pre-feasibility capital cost estimates. Direct data from Sleipner, Quest, and Northern Lights compressor trains informs NCM's Indian project compression assessments.
Siemens Energy's STC-SV series is specifically engineered for supercritical CO₂ service with optimised impeller geometries for CO₂'s thermodynamic properties. Reference installations at CO₂-EOR projects in North America. NCM evaluates STC-SV for offshore CO₂ injection at Mumbai High and KG basin.
ONGC Energy Centre is India's primary domestic CCUS research body with ongoing work on CO₂ storage characterisation in Indian sedimentary basins. NCM has a knowledge exchange relationship with OEC — sharing international storage characterisation methodology in exchange for access to Indian basin data that informs NCM's storage feasibility work.
SLB's Petrel reservoir simulation platform is the industry standard for CO₂ storage site characterisation. NCM uses SLB Petrel for all storage feasibility assessments and evaluates SLB InSight for monitoring, reporting, and verification (MRV) design at Indian storage sites.
CarbFix is the world's only operational basalt CO₂ mineralisation company — having permanently stored CO₂ in Icelandic basalt at Hellisheidi since 2012. NCM is adapting the CarbFix process and monitoring methodology for the Deccan Traps basalt CO₂ storage programme — the most important near-term Indian CCUS storage development.
Northern Lights is the world's first commercial CO₂ transport and storage infrastructure — accepting CO₂ from multiple European industrial sources for offshore storage in the Johansen Formation. NCM's knowledge exchange with Equinor provides the operational performance data and regulatory model that NCM applies to Indian offshore storage development.
Verra's Verified Carbon Standard (VCS) is the world's largest voluntary carbon market registry. NCM develops Verra VCS-compliant monitoring and verification plans for all Indian CCUS projects targeting voluntary carbon market credit revenue — particularly BECCS projects where Verra's CCB (Climate, Community, and Biodiversity) certification adds a premium.
Gold Standard's premium carbon credit standard commands higher prices than VCS due to its stronger sustainable development co-benefits verification. NCM designs Indian BECCS projects (sugar mill bagasse, agricultural residue, WtE) to meet Gold Standard criteria — particularly the SDG linkage requirements that align with Indian rural development objectives.
Bureau Veritas India provides ISO 14064-compliant third-party MRV services — the credible, accredited verification that CBAM compliance documentation and carbon credit issuance require. NCM works with Bureau Veritas on MRV plan design for Indian CCUS projects, ensuring that monitoring systems are designed from the outset to meet verification standards.
ADB's Energy Transition Mechanism is specifically designed for coal power CCUS transition in Asia — the single most relevant DFI instrument for India's coal sector CCUS programme. NCM is engaged with ADB's ETM team on structuring India's first ETM-financed CCUS project at NTPC. NCM has mapped ADB's full CCUS-relevant portfolio.
IFC's Creating Partnerships for Climate Finance (CPCF) programme provides blended finance instruments for industrial decarbonisation — including first-loss facilities and mezzanine instruments that can reduce the risk profile of Indian CCUS projects to commercial bankability. NCM has engaged IFC on three Indian CCUS pre-development projects.
GCF's Enhanced Mitigation window provides grant and concessional debt for transformative climate technology deployment in developing countries. NCM is preparing India's first GCF-accredited CCUS proposal — a BECCS project in Maharashtra's sugar belt targeting negative emission credits and rural sustainable development co-benefits.
NCM's vendor mapping covers the complete CCUS value chain — not just the capture technology that receives most attention, but every link in the chain from flue gas pre-treatment through to carbon credit issuance. This comprehensive mapping is essential because a CCUS project's bankability depends on all links functioning reliably and at cost — a best-in-class capture system combined with an inadequate compression specification or an uncharacterised storage site is not a bankable project.
The 12 supply chain categories NCM maps are: (1) flue gas pre-treatment; (2) capture solvent or process; (3) CO₂ dehydration; (4) CO₂ compression; (5) CO₂ transport pipeline; (6) CO₂ conditioning for storage/utilisation; (7) injection well design and drilling; (8) storage site characterisation and modelling; (9) monitoring, verification, and reporting; (10) carbon registry and credit issuance; (11) low-carbon product certification; and (12) development finance structuring. NCM evaluates vendors in all 12 categories for every client project.
NCM's vendor independence policy requires that we disclose any prior commercial relationship with any vendor evaluated in a client engagement. To date, NCM has no commercial relationships with any supply chain vendor — our vendor assessments are based entirely on published performance data, independent technical review, and NCM's own performance benchmarking against reference projects.
NCM has mapped India's domestic engineering, procurement, and construction capability for CCUS — identifying the Indian EPC firms, equipment manufacturers, and specialist service providers who can deliver CCUS project components under Make in India objectives.
L&T Engineering & Construction is India's largest EPC firm with capability across process plant construction, pressure vessel fabrication, and pipeline infrastructure — all relevant to CCUS. NCM has assessed L&T's capability for CO₂ compression station EPC, amine plant civil and structural works, and injection well infrastructure.
Bharat Heavy Electricals Limited manufactures industrial compressors and boiler systems at scale. BHEL's compressor division has capability relevant to CO₂ compression for smaller-scale CCUS projects. NCM is engaged with BHEL on assessing indigenous CO₂ compressor manufacturing capability that could reduce imported equipment costs.
EIL (Engineers India Limited) is India's leading public sector process engineering firm — with relevant capability in refinery process engineering, gas treatment plant design, and pipeline engineering. NCM evaluates EIL as an Owner's Engineer and detailed engineering firm for Indian refinery SMR+CCS projects.
MECON (Metallurgical and Engineering Consultants India) is the foremost Indian engineering firm for steel plant process design. MECON's deep knowledge of BF-BOF and DRI plant configurations — particularly SAIL's plants — makes it the natural Indian engineering partner for steel sector CCUS project development.
ONGC's own engineering teams have the offshore platform and subsea infrastructure engineering capability relevant to offshore CO₂ injection and storage. NCM is working with ONGC on identifying how its existing offshore infrastructure can be repurposed or extended for CO₂ transport and injection.
KPMG India's sustainability practice has developed CBAM compliance documentation and ISO 14064 carbon accounting services for Indian industrial clients. NCM partners with KPMG India for MRV design and CBAM declaration documentation on client engagements where independent third-party verification is required.
Whether you are a government body seeking policy advice, an industrial company facing CBAM exposure, or an investor seeking CCUS project opportunities — our team is ready to engage.