USD 72.5602

+0.13

EUR 85.4614

+0.1

BRENT 75.31

+0.04

AI-92 46.28

0

AI-95 50.25

-0.01

AI-98 57.95

0

Diesel 50.08

0

478

Chinese Sinopec building the country’s largest carbon capture utilisation and storage (CCUS) project

The project is scheduled to start operations at the end of 2021

Chinese Sinopec building the country’s largest carbon capture utilisation and storage (CCUS) project

Beijing, July 6 - Neftegaz.RU. Sinopec has started building the the 1st of its kind CCUS project as part of its target to be carbon-neutral by 2050.
The company said:
  • CCUS technologies provide the foundation for achieving carbon neutrality
  • It will play an exemplary role for the development of the industry and greatly promote the goal of the national carbon emissions peak before 2030 and achieve carbon neutrality by 2060, helping to manage global climate change and greenhouse gas emissions
Sinopec said the project in east China will have a storage capacity over 1 million metric tons/year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars.

Zhang Yuzhuo, CEO of Sinopec, noted:
  • According to IEA, CCUS will contribute about 14% of carbon dioxide emissions reduction by 2050, and the market application prospects are very promising
  • Developing CCUS is a trend as well as a mission
  • Sinopec will research and establish a carbon capture, utilization, storage R&D center to advance a series of core technologies and bottleneck problems, as well as a carbon dioxide utilization technology innovation system, extending the clean carbon sequestra
It will capture CO2 emissions that result from hydrogen production at Sinopec's Qilu refinery in the east Shandong province.
The CO2 will then be injected into 73 oil wells at Shengli, where it will be used to boost recovery.

Sinopec estimated that 10.68 million tonnes of CO2 will be injected into the oilfield over the next 15 years and lift oil production by nearly 3 million tonnes.

Source : Neftegaz.RU


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru