27-06-2022
ExxonMobil, CNOOC and Shell to pursue CCS hub in China
ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission have signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China.
In addition to assessing the commercial opportunity for carbon capture and storage in one of China’s largest industrial areas, the companies will also evaluate the carbon policy systems in China and propose policies for consideration that would support the deployment of carbon capture and storage in Dayawan Petrochemical Industrial Park.
Initial assessments of the project indicate the potential to capture up to 10 million metric tons of CO2 per year from Dayawan’s industrial sector, supporting China’s ambition of carbon neutrality by 2060. The project could also serve as a model for the chemical industry as one of the first petrochemical projects to be decarbonized.
“Collaboration with government and industry is an important part of unlocking future carbon capture and storage opportunities, with the potential for large-scale reductions of emissions from vital sectors of the global economy,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “Well-designed government policies will help accelerate the broad deployment of lower-emissions technologies in support of society’s net-zero ambitions.”
While renewable technologies are important to help reach society’s net-zero objectives, carbon capture and storage is a safe, proven and consistent technology that can enable some of the highest-emitting sectors such as manufacturing, power generation, refining, petrochemical, steel, and cement industries to reduce their emissions. The prospect of bringing together public and private entities to utilize carbon capture and storage collectively to reduce industrial emissions offers tremendous opportunity.
ExxonMobil is also pursuing strategic investments in biofuels and hydrogen to bring those lower-emissions energy technologies to scale for hard-to-decarbonize sectors of the global economy, by leveraging the skills, knowledge and scale of the business. The company has more than 30 years of experience capturing CO2 and has cumulatively captured more human-made CO2 than any other company. It has an equity share of about one-fifth of the world’s carbon capture and storage capacity at about 9 million metric tons per year.
News Category:
-
GIDARA Energy collaborates with Aker Solutions in Equinor waste-to-SAF study
We are pleased to announce that GIDARA Energy's HTW (High Temperature Winkler) technology for Gasification of solid waste to syngas has been selected by Aker Solutions ...
25-04-2024
-
Lhyfe is digitising a key sector for decarbonisation launching first Marketplace for green hydrogen
Lhyfe, a world pioneer in the production of green and renewable hydrogen, announces the launch of the first Green Hydrogen Marketplace1, on its online portal Lhyfe Heroes2. ...
25-04-2024
-
OMV Petrom will test an innovative carbon capture and utilization facility at Petrobrazi
OMV Petrom, the largest integrated energy producer in Southeastern Europe, will test a new carbon capture and utilisation technology at the Petrobrazi refinery, starting ...
25-04-2024
-
ABB’s new Modular Synchronous Generator delivers flexible backup for the energy transition
ABB has developed the new Modular 20-megawatt (MW) class synchronous generator as a flexible, scalable approach to balance power grids as they transfer an ever-increasing ...
25-04-2024
-
INERATEC secures state of the art catalysts from Sasol for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Neste successfully concludes its first processing run with pyrolysis oil from discarded tyres
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded ...
23-04-2024
-
Topsoe announces plans for new US electrolyser factory for clean hydrogen
Topsoe, a global leader in carbon emission reduction technologies, announced plans to build a cutting-edge factory in Chesterfield, Virginia. The factory will manufacture ...
23-04-2024
-
Technip Energies awarded a substantial contract for TotalEnergies and OQ’s Marsa LNG project in Oman
Technip Energies has been awarded a substantial1 contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman. The contract covers ...
23-04-2024
-
Technip Energies and Anellotech to jointly develop sustainable plastics recycling
Technip Energies and Anellotech Inc, today announced they have signed a global joint development agreement to work cooperatively to further develop and then license Anellotech’s ...
22-04-2024
-
Technip Energies to perform FEED on the Runcorn Energy from Waste carbon capture project
Technip Energies has been awarded a Front-End Engineering Design contract by Viridor for the Carbon Capture and Storage (CCS) project at one of the United Kingdom’s ...
19-04-2024