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Sinopec Launches China s First Megaton Scale Carbon Capture Project
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BEIJING, July 6, 2021 /PRNewswire/ China Petroleum & Chemical Corporation (HKG: 0386, Sinopec ) has initiated China s first megaton carbon capture, utilization and storage (CCUS) project, the Sinopec Qilu-Shengli Oilfield CCUS (the Project ). It is set to become China s largest whole industrial chain CCUS demonstration base and application case for promoting the large-scale development of CCUS in China.
Sinopec Launches China’s First Megaton Scale Carbon Capture Project.
Sinopec initiated China’s first megaton carbon capture, utilization and storage (CCUS) project - the Sinopec Qilu-Shengli Oilfield CCUS project.
Sinopec launches China s first megaton scale carbon capture project
7/7/2021
China Petroleum & Chemical Corporation initiated China s first megaton carbon capture, utilization and storage (CCUS) project, the Sinopec Qilu-Shengli Oilfield CCUS (the Project ). It is set to become China s largest whole industrial chain CCUS demonstration base and application case for promoting the large-scale development of CCUS in China.
The Project, expected to be put into production by the end of 2021, marks a key milestone in the construction progress of China s CCUS projects and is a huge demonstration of the industry s development. It is also of great significance to 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.
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Sinopec builds China’s largest carbon-capture project
State energy giant Sinopec started building a carbon capture, utilization and storage (CCUS) project in Eastern China’s Shandong province, the largest of its kind in the country, the company said. The project, to be put into operation by the end of 2021, is expected to reduce carbon emissions by 1 million tons a year. The project consists of two parts – Sinopec Qilu s carbon dioxide capture and Shengli Oilfield s carbon dioxide displacement and storage. Sinopec Qilu captures carbon dioxide and t