China Petroleum & Chemical Corporation (Sinopec) is currently developing a megaton carbon capture, utilisation and storage (CCUS) project in China – and it’s believed to be a first for the country.
Dubbed Sinopec Qilu-Shengli Oilfield CCUS, the project will enhance China’s carbon emissions reduction capabilities and build an “artificial carbon cycle” model as the country advances to reach peak carbon emissions by 2030 and carbon neutrality by 2060.
Such development consists of two parts – Sinopec Qilu’s carbon dioxide (CO2) capture and Shengli Oilfield’s CO2 displacement and storage. Sinopec Qilu captures the CO2 and transports it to the Shengli Oilfield for further displacement and storage, achieving an integrated application of carbon capture, displacement and storage to seal the CO2 underground.
Confirming the above today (6th July), Sinopec said it expects the project to be put into production by the end of the year (2021).
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