China Petroleum & Chemical Corporation and partners unveil 10 million tonne CCUS project in East China

China Petroleum & Chemical Corporation and partners unveil 10 million tonne CCUS project in East China

China Petroleum & Chemical Corporation has signed a non-binding MoU with Shell, China Baowu and BASF to launch the first 10 million tonne carbon capture, utilisation and storage (CCUS) project in East China.

The open-source project will support industries in the region to decarbonise their operations and establish low-carbon supply chains, leading China’s CCUS development and achieving the region’s ‘dual carbon’ goals.

CCUS, the carbon reduction process of capturing and making effective use of carbon dioxide (CO2) from industrial-sourced emissions, is a technology that has the potential to significantly reduce emissions on a large scale and be a key component on the path to achieve carbon neutrality.

The project will explore the feasibility of transporting the CO2 produced by industrial plants in the middle and lower reaches of the Yangtze River(including from steel, chemical, power, cement companies) to a receiving station, then transport the CO2 to onshore or offshore storage sites via short-distance pipelines.

It aims to offer a flexible and efficient carbon reduction solution for industrial companies. Sinopec, Shell, China Baowu and BASF will not only support the decarbonisation of current industries and building of low-carbon product value chains, but also accelerate the development of low-carbon products and a green low-carbon circular economy.

Ma Yongsheng, President of Sinopec – which captured 1.52 million tonnes of CO2 last year – said it will work together with its partners to expand commercial decarbonisation and actively promote the development of the full CCUS industry chain, not only making contributions to the green development of China, but also globally.

Sinopec will continue to aim for mutually beneficial cooperation with global partners, fulfil our high-level opening-up and green development goals, and work towards realizing our carbon peaking and carbon neutrality goals,” he said.

GE Gas Power (GE) will collaborate with energy major Shell Global Solutions (Shell) in a partnership that aims to reduce the carbon intensity of Shell’s global liquefied natural gas (LNG) supply projects.

The agreement, announced yesterday (November 7), will see the companies working together to explore the use of hydrogen as a low carbon fuel instead of natural gas in power generation and mechanical drive gas turbines.

Related Posts
Please wait...