Pre-FEED through FEED. Every site parameter accounted for.
A CCUS feasibility study is the most consequential document an industrial company will produce in its decarbonisation journey. It determines whether a project proceeds to financial investment decision, what technology is selected, which storage formation is used, how the CO₂ transport network is configured, and what the cost per tonne captured will be. Done poorly, it produces a number that cannot survive lender scrutiny. Done well, it becomes the foundation for a bankable, permittable, and financeable project.
NCM's feasibility studies are designed to the standard required by development finance institutions — World Bank / IFC, ADB, and EIB — and the Indian lender community. Our teams have led or reviewed feasibility studies for CCUS projects at Gorgon (Australia), Net Zero Teesside (UK), and Porthos (Netherlands), and apply the same rigour to Indian steel mills, cement plants, coal power stations, and chemical complexes.
We scope every study to the site — accounting for flue gas composition, capture technology fit, water balance, CO₂ purity requirements, transport corridor options, and storage formation characteristics specific to Indian geology. Our studies are not desktop exercises: they involve field visits, laboratory analysis where required, and direct engagement with India's geological survey data.
NCM conducts feasibility studies across all major industrial emission sources in India. Steel sector studies must account for blast furnace gas composition, direct reduction iron (DRI) integration, and India's unique coal-based DRI dominance — very different from the natural gas-based DRI prevalent in the Middle East or the integrated blast furnace steel of Europe.
Cement feasibility work addresses the process-specific CO₂ from calcination (which cannot be avoided by fuel switching), the high concentration of CO₂ in cement flue gas which improves capture economics, and India's exceptionally high cement production growth trajectory. Coal power assessments must navigate the tension between India's energy security imperatives and its decarbonisation commitments — identifying which plants are economically viable for retrofit versus retirement.
For chemicals and fertiliser complexes — ONGC, IOCL, RIL, GNFC, Rashtriya Chemicals — NCM feasibility work integrates CCUS with hydrogen production pathways, CO₂ utilisation for urea synthesis, and the specific regulatory requirements of India's petrochemical licensing regime.
Australia's Gorgon CCUS project taught the industry that feasibility studies must account for subsurface injection variability, water disposal, and well integrity over decades. NCM applies these hard-won lessons to Indian onshore and offshore storage appraisals.
Teesside's multi-emitter shared infrastructure model — reducing cost per tonne through shared CO₂ transport and storage — directly informs NCM's approach to India's industrial cluster feasibility work in Odisha, Jharkhand, and Gujarat.
Porthos' Rotterdam port cluster demonstrated how shared offshore storage infrastructure can reduce the LCOC for individual emitters by 40–60%. NCM uses this model to evaluate shared CO₂ infrastructure corridors for India's coastal industrial zones.
NCM feasibility deliverables are structured to serve multiple audiences simultaneously. The Technical Report provides the engineering basis, geological assessment, and process design for technology specialists and government reviewers. The Financial Model provides the lender-grade cost structure, sensitivity analysis, and financing scenarios required for DFI submissions to IFC, ADB, and EIB. The Executive Summary is board-ready — a 20-page document that presents findings, options, and recommendations with the clarity required for investment committee decisions.
All feasibility studies are delivered with a Regulatory Pathway Document that maps the environmental clearances, storage permits, and CBAM documentation requirements associated with the recommended project — ensuring that regulatory risk is understood and managed from day one, not discovered at the point of permitting.
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.