Chinese oil major Sinopec Corp said on Monday it has commissioned the country’s largest coal capture, utilization and storage (CCUS) unit in eastern China, adding that it plans to build two more units of a similar size by 2025.
The Chinese state-owned oil giant is one of the leading companies building CCUS pilot projects in China as part of the country’s goal of peaking carbon emissions by 2030.
The new CCUS project, which began construction just over a year ago, aims to capture carbon dioxide produced by Sinopec’s Qilu refinery in eastern Shandong province through a hydrogen production process and then inject it into 73 oil wells at the nearby Shengli deposit
Sinopec has estimated that over the next 15 years, 10.68 million tons of carbon dioxide will be injected into the oil field, boosting crude oil production by nearly 3 million tons.
Currently, carbon dioxide from the Qilu refinery is transported to the oil field by truck, but Sinopec expects to complete a pipeline by the end of the year to transport it, which will be the first of its kind in China.
“While China’s CCUS remains at an experimental stage, it is on par with similar projects worldwide, although it lags behind in technological know-how,” Sinopec said in a statement.
Sinopec further added that it will explore the establishment of a CCUS research and development center by 2025, focusing on the development of cutting-edge technologies such as CCUS combined with wind and solar energy, CCUS with hydrogen energy and biomass.
It is noted that last year Sinopec captured and stored more than 1.52 million tons of carbon dioxide.
Increasing its presence in this sector, the Chinese oil giant aims to build two more pilot projects in the coming years, in the neighboring Huadong and Jiangsu oil fields.
Source: Capital
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