The Industrial Transition Accelerator has selected 11 Indian projects spanning steel, green chemicals, waste-to-fuel, and carbon capture to fast-track investment decisions and support the nation’s efforts in clean industry development.
The Industrial Transition Accelerator has selected 11 Indian projects for tailored support under its India programme, in a move aimed at speeding up investment decisions in clean industry. The projects span steel, green chemicals, waste-to-fuel and carbon capture, and together are said to represent more than $18 billion in potential investment and more than 7.8 million tonnes of annual carbon abatement. Reuters has not independently verified those figures. According to the group, the initiative is meant to help developers clear the non-technical obstacles that often delay projects even after the core technology is in place.
The programme sits within a broader push by the ITA, a global multi-stakeholder initiative launched at COP28 to accelerate industrial decarbonisation in energy-intensive sectors. Industry reports say the India scheme is designed to advance as many as 65 projects towards investment stage, with potential to unlock more than $150 billion and create more than 200,000 clean jobs. The support effort also aligns with the group’s wider work across Brazil, the United Arab Emirates, India and Egypt, where it says it is backing 39 projects with $60 billion to $65 billion in investment potential.
Among the selected projects, Jindal Steel is developing a carbon capture, utilisation and storage scheme at its integrated plant in Angul, Odisha, while JSW Steel is assessing modular capture technology with Carbon Clean and BHP at Vijayanagar in Karnataka. The steel projects reflect a wider trend in heavy industry, where companies are seeking ways to cut emissions without abandoning existing assets, particularly in sectors that remain vital to domestic manufacturing and infrastructure supply chains.
The portfolio also includes several green ammonia and green methanol developments in Odisha and Andhra Pradesh, led by ACME Group, ReNew and Yamna, along with a waste-to-sustainable aviation fuel project by Circular Urban Energy near Noida International Airport in Uttar Pradesh. The group says these projects would provide cleaner inputs for fertiliser, aviation, shipping and construction, while helping India build domestic capacity in materials and fuels that are likely to matter more as low-carbon supply chains expand.
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