Chief Executive Officer, Eet Fuels Formerly Essar Oil Uk
Search every verified Deepak Maheshwari interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Deepak Maheshwari, CEO of Essar Oil UK, participated in a panel at the Financial Times' FT Energy event in November 2023, where he discussed carbon capture and storage (CCS). Maheshwari said the "biggest challenge" to adopting CCS at scale is finding places to sequester captured CO2, and that the technology to capture it is already well-developed. He stated that in the UK, large-scale capture would need to occur near Liverpool Bay or the North Sea. Maheshwari also said governments should ensure "decarbonization does not lead to de-industrialization" and that the right incentives need to be provided to industry. He argued that the government's framework to incentivize private-sector investment should be based on a reference price rather than being linked to market volatility in carbon.
“I think the the challenge for most governments is that they should ensure that decarbonization does not lead to de-industrialization because that's a very easy solution that you reduce the industry footprint and you can then obviously decarbonize. So the right framework and the right incentives needs to be provided to...”
“The framework which the government really provides in order to incentivize private sector has to be devoid of or not linked to the market volatility of carbon but it has to be based on a reference price which I think what the government is trying to do.”
Deepak Maheshwari, CEO Essar Oil UK, joined the #FTEnergy panel to discuss industrial carbon capture & decarbonisation as ...
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