Oil India, Canada’s PTRC Sign Pact On Carbon Capture And Geothermal Energy

New Delhi, Jun 12 (KNN) Oil India Limited (OIL) and Canada’s Petroleum Technology Research Centre (PTRC) have signed a collaboration framework to jointly explore carbon capture, geothermal energy, and other clean energy technologies, the companies said in a statement.

The collaboration is aimed at deepening energy cooperation between India and Canada as both countries pursue energy transition and sustainability objectives.

Areas of Cooperation

The agreement framework will focus on carbon capture, utilisation and storage (CCUS), geothermal energy, subsurface energy technologies, and innovation-led research. It also includes engagement with mc2+, India's startup platform backed by the petroleum ministry.

Specific areas of cooperation include the utilisation and permanent storage of captured carbon dioxide through geological sequestration and mineralisation, the development of enhanced oil recovery technologies aimed at reducing the environmental footprint of oil and gas production, and the identification of business opportunities in both countries through industry partnerships and research networks.

Geothermal and Joint Research

The two organisations will also evaluate potential geothermal projects and undertake joint research through OIL and PTRC's Energy Innovation Hub, focusing on subsurface energy production and storage technologies.

(KNN Bureau)