China Petroleum & Chemical Corporation (Sinopec) has launched what it claims is the first megaton-scale carbon capture, utilisation and storage (CCUS) project in China.
The Sinopec Qilu-Shengli Oilfield CCUS facility consists of two parts – Sinopec Qilu’s carbon dioxide capture and Shengli Oilfield’s carbon dioxide displacement and storage.
The former part captures the carbon dioxide and transports it to the Shengli Oilfield for further displacement and storage to seal the carbon dioxide underground.
The project, estimated to reduce carbon emissions by one million tons annually, is expected to be put into production by the end of 2021.
Zhang Yuzhuo, Chairman of Sinopec said: “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, utilisation and storage R&D centre to advance a series of core technologies and bottleneck problems throughout the links of carbon capturing, transportation, utilisation and storage, as well as a carbon dioxide utilisation technology innovation system of ‘technological development-project demonstration-industrialisation,’ extending the clean carbon sequestration industry chain and creating an innovative hub for carbon emissions reduction technologies.”