Page 5 - AsiaElec Week 45 2022

AsiaElec COMMENTARY AsiaElec

Shandong province in late August, which will be Policy progress too
capable of sequestering 1mn tpy of emissions. These are just some of the various examples of
The emissions will be captured at Sinopec’s Qilu larger-sized CCUS projects taking shape in
refinery and then transported to the storage China. But there has also been progress on the
site via an 80-km pipeline and injected 3-4 km policy front.
underground, to boost oil recovery. China’s central government mentioned large-
PetroChina, meanwhile, reported in March scale CCUS projects for the first time in its 14th
that it had started construction of a demonstra- Five-Year Plan, published in March 2021. China’s
tion project at the Songliao oilfield, to store 3mn Ministry of Ecology and the Environment also
tpy of CO2. The company is targeting 3.7mn tpy subsequently announced support, along with
of CO2 storage capacity by 2025, 25mn tpy by several other ministries, for pilot and demon-
2035 and 100mn tpy by 2050. stration projects in free trade zones. CCUS
CNOOC, meanwhile, signed an MoU with was also included in a joint statement by China
Shell and ExxonMobil in the summer of this year and the US in April 2021 on addressing climate
on developing a world-scale offshore CCS hub in change.
the southern Guangdong province, with a capac- All this came after China’s government
ity of 10mn tpy. This was days after the company released a roadmap in 2019 on developing 9mn
launched China’s first offshore CCS demonstra- tpy of storage capacity by 2025, 20mn tpy by
tion project at the Enping 15-1 oilfield in the 2030, 70mn tpy by 2035, 200mn tpy by 2040 and
South China Sea, with a 1.46mn tonne capacity. 800mn tpy by 2050.™

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