Press Release

● Dalmia Cement emerges as the first cement company in the world to commit to becoming 'Carbon Negative by 2040'
● Dalmia Cement is the only cement company in the world to be invited to speak at the Climate Action Summit of UN Secretary General on 23rd September, 2019

New Delhi, September 19th, 2019: Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, today announced it will build a large scale facility of 500,000 tonne per year carbon capture at its cement plant at Tamil Nadu, India. Dalmia Cement (Bharat) Limited has signed a Memorandum of Understanding with Carbon Clean Solutions Limited (CCSL) U.K., a leader in low-cost carbon dioxide (CO2) separation technology to provide technology and operational services for the plant based on its patented CDRMax Technology.

Currently, small-scale carbon capture plants have been commissioned in few cement plants in China and Europe. However, a large-scale demonstration plant of this capacity has not yet been planned or announced in the cement industry. Dalmia Cement and CCSL will explore multiple utilization streams for the CO2 that is captured from this large-scale plant, including direct sale for use in other industries, and manufacture of chemicals.

Mr. Mahendra Singhi, MD and CEO, Dalmia Cement (Bharat) Limited said: "It is time to resolve the climate crisis. At Dalmia Cement, a progressive business enterprise that foresees the future today, we are committed to be a carbon negative cement Group by 2040. Capturing process emissions from cement manufacturing will be critical towards reaching net zero by 2040 and therefore, our approach is to set up scalable large demonstration projects on carbon capture with multiple utilisation streams."

"We are very excited to partner with Dalmia Cement on this industry-leading demonstration project. Decarbonizing the cement industry is absolutely key to reaching ‘net zero’ emissions. By combining our low-cost modular CO2 capture technology with viable CO2 reuse alternatives, we plan to deliver a full solution to early movers like Dalmia Cement", said Aniruddha Sharma, CEO and co-founder of CCSL.

The cement industry is considered a Hard-To-Abate sector due to the emissions produced by the calcination of limestone, which is required to produce cement. Cement in turn is the cheapest available material used for production of concrete, the world’s most important building material. And while certain types of cement do not require calcination of limestone for production, this is subject to the availability of alternative minerals. Therefore, the only viable solution for reducing emissions from this sector is to capture the process-related CO2.

In another industry first, Dalmia Cement (Bharat) Limited, has been invited to speak at Climate Action Summit of UN Secretary-General on 23rd September, 2019 to share their commitment to being carbon negative by 2040. The company announced a slew of measures to take its sustainability leadership to the next level by creating new benchmarks in green cement manufacturing at a global level.

About Dalmia Cement (Bharat) Ltd.

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited (BSE Code: 542216|NSE Symbol: DALBHARAT and listed in MSE), is a leading player in the cement manufacturing segment and has been in existence since 1939. Dalmia Cement is the only cement company in the world to have the lowest carbon footprint. Dalmia Cement was the first Indian company to join RE100, and the first company in the world to join both EP100 and RE100 - showing real business leadership in the clean energy transition by taking a joined-up approach. With a growing capacity, currently pegged at 27 MnT, Dalmia Cement is also the fourth largest manufacturing capacity in India. Spread across nine states and 12 manufacturing units, the company is a category leader in super-specialty cements used for oil well, railway sleepers and air strips and is the country’s largest producer of slag cement. Dalmia Cement has also partnered with International Finance Corporation to promote sustainable business. Visit us at https://www.dalmiacement.com

About Carbon Clean Solutions Limited (CCSL):

Carbon Clean Solutions Limited (CCSL) is a global leader in low-cost carbon dioxide (CO2) separation technology for industrial and gas treating applications. The company’s patented APBS technology significantly reduces the costs and environmental impacts of CO2 separation, when compared to existing techniques. CCSL’s research was funded by competitive grants, and the company was awarded a ‘Technology Pioneer’ award by the World Economic Forum in 2015. The technology has been proven at demonstration scale in over 10 locations, including the UK, USA, Germany, India, Norway and the Netherlands, and is currently in use at the world’s largest industrial-scale carbon capture and utilisation plant in Tuticorin, India. CCSL is headquartered in London and also operates offices in India and the United States. For information about CCS Ltd.: www.carboncleansolutions.com