Shell to Jointly study East China Carbon Project with Sinopec, Baowu and BASF

Chen Aizhu
Friday, November 4, 2022

Shell said on Friday it signed an agreement with Chinese state refiner Sinopec and steel group Baowu as well as German chemical giant BASF to study a carbon capture, utilisation and storage project (CCUS) in East China. 

Parties intend to conduct a joint study to assess the technical solutions and develop a commercial model as part of the memorandum of understanding for the project, Shell said in a statement. 

The study will also explore establishing a low-carbon product supply chains and propose enabling policies. 

Once materialized, it will be China's first large-scale CCUS project potentially able to store tens of million tonnes of carbon dioxide annually, Shell said. 

Targetting not only emissions from the parties involved but also industries in the East China region, the CO2 captured could then be shipped to a receiving terminal in a CO2 carrier before being transported into storage sites both onshore and offshore through short pipelines, Shell said. 

In June, Shell, ExxonMobil and China's CNOOC entered a similar MOU to evaluate a CCUS project in an industrial park in southern Guangdong province, that could potentially capture 10 million tonnes of CO2 a year.  


 (Reuters - Reporting by Chen Aizhu; Editing by Rashmi Aich)

Categories: Energy Industry News Activity Asia Decarbonization Carbon Capture

Related Stories

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

EnQuest Enters Indonesia with Operatorship PSCs for Two Exploration Blocks

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com