ExxonMobil, Shell, CNOOC to explore CCS hub potential in China: Press + comment

Unedited snip from offshore-energy.biz:

June 28, 2022, by Sanja Pekic

ExxonMobil, Shell, CNOOC, and local authorities have agreed to evaluate the potential for a world-scale carbon capture and storage (CCS) project in the Chinese Guangdong Province.

ExxonMobil, CNOOC, Shell to explore potential of CCS hub in China
Illustration; Courtesy of ExxonMobil

ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission have signed a memorandum of understanding to look into a CCS hub project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou. This agreement initiates a joint study to identify CCS opportunities.

In addition to assessing the commercial opportunity, the companies will also evaluate the carbon policy systems in China and propose policies for consideration that would support the deployment of CCS in Dayawan Petrochemical Industrial Park.

Initial assessments of the project indicate the potential to capture up to 10 million metric tonnes of CO2 per year from Dayawan’s industrial sector, supporting China’s ambition of carbon neutrality by 2060.

See link above for more.

CarrZee: Ten million metric tons a year is tiny, but it’s a start. They world is seeking to cut 25 billion tons a year by 2030, from about 50 billion tons today of Co2 equivalent emissions.

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