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

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

CNOOC Brings Online Second Phase of Luda Oil Field Project in Bohai Sea

Kazakhstan Looks to Improve Oil Production Agreements Terms

China's CNOOC Aims for Record Oil and Gas Production in 2025

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Current News

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

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