With Industrial Revolution happening in the 18th and 19th century, there has been a rapid increment in the usage of these fossil fuels as a source of energy in domestic, industrial, commercial and transport industry. However, huge amounts of gases like carbon dioxide, carbon mono-oxide, SOx, NOx, are produced during burning of these fossil fuels. The potential threats due to this gaseous emission include global warming, green house effect, bio-diversity degradation, ecological imbalance, climate change etc. The rising concern due to these threats have caused industries to look for ecofriendly technologies. Stringent rules have been framed to reduce the usage of fossil fuels and shift to renewable energies like solar, wind, tidal. But being natural sources there are chances of fluctuations in availability of the energies from these sources for power generations. Certainly therefore, the dependence on the fossil fuels couldn’t be curbed zero due to unavailability of suitable alternatives. Therefore, the technology which got very popular is Carbon Capture, Utilization and Storage. In this technique the carbon dioxide produced is captured and then utilized in different forms or the captured carbon dioxide is stored for future applications. Many researchers have proposed that using this technique there are chances of net zero emissions of carbon dioxide in nature while we continue to burn fossil fuels. While many countries have already started utilizing this method to curb their carbon dioxide emissions, companies in India are still trying to adopt this technique. The carbon dioxide emission level has compounded annually with a growth rate of 3.1% in the past few decades in India primarily due to increased consumption of fossil fuels. So, adopting carbon capture utilization and sequestration (CCUS) technique is necessary to avoid the irreversible impacts of green house gas emissions. Utilization of carbon to produce methanol and other important petrochemicals gained high importance as a part of carbon capture, utilization and storage. Another popular application of CCUS is carbon mineralization. In this case study solution, we present a detailed study about the symbiotic relationship between Carbon Capture and Utilization (CCU) and Carbon Capture and Storage (CCS) and its market scope in India. We would also emphasize about how “Carbon to Waste Economy” is getting replaced with a “Sustainable Carbon Economy”.