Shell teams up with Sinopec, Baowu, BASF for China CCUS project
SUMMARY
The project could potentially offer industrial companies in the middle and lower reaches of the Yangtze River contractual opportunities to capture and store their CO2 emissions.
By Shardul SharmaPOSTED IN:
Shell has signed a memorandum of understanding (MoU) with Chinese energy company Sinopec, steel maker Baowu and German chemical company BASF to explore the feasibility of developing a carbon capture, utilisation and storage (CCUS) project in east China, the company said on November 4.
The project could potentially offer industrial companies in the middle and lower reaches of the Yangtze River contractual opportunities to capture and store their CO2 emissions, Shell said.
The companies intend to conduct a joint study to assess the technical solutions and develop a commercial model for the project. The study will also explore to establish high-integrity and verified low-carbon product supply chains and propose enabling policies.
If successful, this project could lead to the capture of CO2 emissions from industrial companies in the east China region, Shell said. These emissions could then be shipped to a receiving terminal on CO2 carrier ships, before being transported to onshore and offshore storage sites through short pipelines.
“This could offer a flexible, efficient, and integrated decarbonisation solution for companies in the region,” Shell added.
