Sinopec starts building carbon-capture project in east China

Sinopec starts building carbon-capture project in east China

SINGAPORE - , or Sinopec, said on Monday it started building a carbon capture, utilisation and storage (CCUS) project in east China, the largest of its kind in the country, as part of the refiner's goal to be carbon-neutral by 2050. The Asian company has been planning to cap its carbon emissions at peak levels prior to a national timeline set by the government for 2030, both through its work to increase hydrogen output and the treatment and capture of carbon dioxide. The CCUS project involves capturing carbon dioxide produced from a Sinopec's Qilu refinery in eastern Shandong province during a hydrogen-making process, and then injecting it into 73 oil wells in nearby Shengli oilfield, Sinopec said in a statement. At a purified rate of more than 99%, carbon dioxide can be mixed with crude oil and help generate higher oil production. Sinopec estimated that 10.68 million tonnes of carbon dioxide would be injected into the oilfield over the next 15 years and boost crude oil production by nearly 3 million tonnes. The project is scheduled to start operations at the end of this year, Sinopec said, adding that it plans to build similar projects in neighboring Jiangsu province, by