China’s Sinopec launches first carbon capture, storage facility, plans two more by 2025 Reuters

SINGAPORE (Reuters) – China’s Sinopec (NYSE: ) Corp said on Monday it commissioned the country’s largest carbon capture, utilization and storage (CCUS) facility in eastern China and plans to build two more plants of the same size by 2025.

The state-owned oil company is among the first to build pilot CCUS projects in China as part of its plan to reduce carbon emissions by 2030.

The new CCUS project, which began construction a year ago, involves capturing carbon dioxide produced from Sinopec’s Qilu refinery in eastern Shandong province in a hydrogenation process and then injecting it into 73 oil wells at the nearby Shengli oil field.

Sinopec estimates that over the next 15 years, 10.68 million tons of CO2 will be absorbed into the oil industry, increasing production by nearly 3 million tons.

Currently, CO2 from the Kilu refinery is transported by trucks to oilfields, but Sinopec is expected to complete a pipeline by the end of the year to move CO2, the first of its kind in China.

“While China’s CCUS remains at an experimental stage, it is on par with global peers, albeit lagging behind in some key technological know-how,” Sinopec said in a press release.

Sinopec in 2010 By 2025, CCUS will establish a research and development center, such as CCUS with wind and solar energy, CCUS with hydrogen energy and biomass, he said.

Last year, Sinopec captured and stored more than 1.52 million tons of carbon dioxide.

It aims to build two other pilot projects in the nearby Huadong and Jiangsu oil fields in the next few years.