China Petroleum & Chemical Corporation (Sinopec) has begun the Qilu-Shengli Oilfield CCUS project, set to become China’s largest whole industrial chain CCUS demonstration.
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.
The megaton-scale Project launched by Sinopec consists of two parts – Sinopec Qilu’s carbon dioxide capture and Shengli Oilfield’s carbon dioxide displacement and storage. Sinopec Qilu captures the carbon dioxide and transports it to the Shengli Oilfield for further displacement and storage, achieving an integrated application of carbon capture, displacement and storage to seal the carbon dioxide underground.
Mr. Zhang Yuzhuo, Chairman of Sinopec, noted that CCUS is an important measure to effectively promote carbon emissions reduction.
"According to IEA, CCUS will contribute about 14 percent 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, utilization and storage R&D center to advance a series of core technologies and bottleneck problems throughout the links of carbon capturing, transportation, utilization and storage, as well as a carbon dioxide utilization technology innovation system of ‘technological development-project demonstration-industrialization,’ extending the clean carbon sequestration industry chain and creating an innovative hub for carbon emissions reduction technologies," said Mr. Zhang.
Sinopec aims to build another megaton CCUS demonstration base in the next five years, realizing industrialized CCUS development and widening further prospects as China advances to achieve peak carbon and carbon neutrality.
Courtesy of Sinopec.