• Upstream
  • Pipelines & Transport
  • Downstream
Oil&Gas Advancement
  • Home
  • News

    3 Permits Awarded For Full Scale CO2 Storage In Denmark

    Italy Intends To Be Energy Hub of Europe With Funds From EU

    Reduced Saudi Crude Prices Expected For 4 Months Straight

    Offshore Gas Field Nod From The US To Trinidad And Tobago

    Uganda Begins First Oil Drilling Project Under $10bn Scheme

    Dutch government invites Shell, Exxon to join $2.6B subsea carbon storage plan

    TechnipFMC awarded $250 million subsea service contract offshore Brazil

    Sinopec creates record by drilling 8,725 meters deep oil, gas field

    Uganda expects oil production by 2025 with new drilling activity

    Trillion Energy to increase gas production at SASB gas field with three new side-track wells

    Total-Eni partnership in offshore gas drilling

    PETRONAS awards three production sharing contracts offshore Malaysia

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

    offshore contract by Al Yasat Petroleum

    INEOS and partners approved to develop Solsort field offshore Denmark

    TechnipFMC awarded significant subsea contract for Shell’s North Sea development

    Petronas hires Maersk semi-submersible for Suriname exploration

    PETRONAS Announces New Gas Discovery in Central Luconia Province, Offshore Malaysia

  • Market Reports

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    Aramco announces second quarter and half-year 2020 results

    bp agrees to sell its petrochemicals business to INEOS

    bp agrees to sell its petrochemicals business to INEOS

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News

    3 Permits Awarded For Full Scale CO2 Storage In Denmark

    Italy Intends To Be Energy Hub of Europe With Funds From EU

    Reduced Saudi Crude Prices Expected For 4 Months Straight

    Offshore Gas Field Nod From The US To Trinidad And Tobago

    Uganda Begins First Oil Drilling Project Under $10bn Scheme

    Dutch government invites Shell, Exxon to join $2.6B subsea carbon storage plan

    TechnipFMC awarded $250 million subsea service contract offshore Brazil

    Sinopec creates record by drilling 8,725 meters deep oil, gas field

    Uganda expects oil production by 2025 with new drilling activity

    Trillion Energy to increase gas production at SASB gas field with three new side-track wells

    Total-Eni partnership in offshore gas drilling

    PETRONAS awards three production sharing contracts offshore Malaysia

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

    offshore contract by Al Yasat Petroleum

    INEOS and partners approved to develop Solsort field offshore Denmark

    TechnipFMC awarded significant subsea contract for Shell’s North Sea development

    Petronas hires Maersk semi-submersible for Suriname exploration

    PETRONAS Announces New Gas Discovery in Central Luconia Province, Offshore Malaysia

  • Market Reports

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    Aramco announces second quarter and half-year 2020 results

    bp agrees to sell its petrochemicals business to INEOS

    bp agrees to sell its petrochemicals business to INEOS

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Downstream

Sinopec launches Chinas first megaton scale carbon capture project

venkat by venkat
July 19, 2021
in Downstream, Gases, Press Releases
0
Sinopec launches Chinas first megaton scale carbon capture project

China Petroleum & Chemical Corporation initiated China’s first megaton carbon capture, utilization and storage (CCUS) project, the Sinopec Qilu-Shengli Oilfield CCUS (the “Project”). It is set to become China’s largest whole industrial chain CCUS demonstration base and application case for promoting the large-scale development of CCUS in China.

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.

CCUS is an important technical means to cope with global climate change and control greenhouse gas emissions, capturing and purifying carbon dioxide emitted during production and utilizing it in a new production process for recycling and storage.

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.

The Project is estimated to reduce carbon emissions by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars. China’s large oil initially in place (OIIP) is suitable for carbon dioxide displacement and advancing development of the CCUS industry will establish sound support for ensuring China’s energy security and promoting low-carbon transformation of the fossil energy industry.

As an essential technological path for achieving carbon neutrality, CCUS has tremendous potential for emissions reduction and broad prospects for industrial use. Studies have shown that CCUS will neutralize China’s 1 billion tons of carbon emissions in the future, effectively promoting the purification of fossil energy, the scaled development of clean energy and low-carbon production.

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% 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 capture, 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.

China Petroleum & Chemical Corporation initiated China’s first megaton carbon capture, utilization and storage (CCUS) project, the Sinopec Qilu-Shengli Oilfield CCUS (the “Project”). It is set to become China’s largest whole industrial chain CCUS demonstration base and application case for promoting the large-scale development of CCUS in China.

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.

CCUS is an important technical means to cope with global climate change and control greenhouse gas emissions, capturing and purifying carbon dioxide emitted during production and utilizing it in a new production process for recycling and storage.

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.

The Project is estimated to reduce carbon emissions by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars. China’s large oil initially in place (OIIP) is suitable for carbon dioxide displacement and advancing development of the CCUS industry will establish sound support for ensuring China’s energy security and promoting low-carbon transformation of the fossil energy industry.

As an essential technological path for achieving carbon neutrality, CCUS has tremendous potential for emissions reduction and broad prospects for industrial use. Studies have shown that CCUS will neutralize China’s 1 billion tons of carbon emissions in the future, effectively promoting the purification of fossil energy, the scaled development of clean energy and low-carbon production.

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% 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 capture, 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.

 

Previous Post

Maersk Drilling secures contract extension from Equinor for low-emission jackup

Next Post

Atlantic Towing selects Vard Electro for implementation of battery technology to reduce Green House Gas emissions

Related Posts

Downstream

Reduced Saudi Crude Prices Expected For 4 Months Straight

January 31, 2023
Downstream

Trillion Energy to increase gas production at SASB gas field with three new side-track wells

January 26, 2023
Downstream

Perenco Brazil’s FSO ‘sets sail to Pargo Cluster offshore Brazil

January 26, 2023
Downstream

Despite Demand Uncertainties, Oil Price End 2022 On A High

January 2, 2023
Downstream

Oil Expected To Conclude Tumultuous 2022 Slightly Higher

December 30, 2022
Downstream

chevron invests in carbon capture and removal technology company, svante

December 29, 2022
Next Post
Atlantic Towing selects Vard Electro for implementation of battery technology to reduce Green House Gas emissions

Atlantic Towing selects Vard Electro for implementation of battery technology to reduce Green House Gas emissions

Latest Post

Dutch government invites Shell, Exxon to join $2.6B subsea carbon storage plan
Exploration Development

TechnipFMC awarded $250 million subsea service contract offshore Brazil

January 26, 2023
Sinopec creates record by drilling 8,725 meters deep oil, gas field
Drilling

Uganda expects oil production by 2025 with new drilling activity

January 26, 2023
Downstream

Trillion Energy to increase gas production at SASB gas field with three new side-track wells

January 26, 2023
Total-Eni partnership in offshore gas drilling
Exploration Development

PETRONAS awards three production sharing contracts offshore Malaysia

January 26, 2023
Downstream

Perenco Brazil’s FSO ‘sets sail to Pargo Cluster offshore Brazil

January 26, 2023
Eni Ghana launches Business and Market Fair in Sanzule, Western Region
Exploration Development

Eni to invest $8 billion in two Libyan natural gas fields

January 26, 2023
Oil&Gas Advancement

About Us

Oil and Gas Advancement is an information centric knowledge sharing platform focused on the latest news in the B2B oil and gas sector bringing to our audiences B2B updates on upstream, downstream, pipeline and transport categories providing information on the latest projects and developments.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2018 Copyright Valuemediaservices 2018 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2018 Copyright Valuemediaservices 2018 All rights reserved.