CNOOC China successfully completes 1st offshore carbon capture site
Category: #headlines  | By Nikita Chaurasia  | Date: 2022-06-16 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

CNOOC China successfully completes 1st offshore carbon capture site

CNOOC Ltd, a Chinese state-owned oil and gas firm, has recently completed the first offshore carbon capture and storage project in the country. The project is designed to bury carbon dioxide permanently in the seabed.

According to credible sources, CNOOC began the project construction last September. Also, it would eventually confiscate approximately 1.46 million tonnes of CO2 in 800-metre-deep seabed reservoirs.

It has been mentioned that the stored carbon dioxide equals planting 14 million trees or taking around 1 million cars off the road.

The project is situated at the CNOOC's Enping Oilfield in the Pearl River, about 200 km (124 miles) from Shenzhen. It is expected to stock CO2 released during the oil extraction process.

Last year, the International Energy Agency stated that utilities built around the globe now have the capacity to store more than 40 million tonnes of carbon dioxide every year.

As per official reports, CCUS (Carbon capture, utilization, and storage) empowers the emission-intensive industries like cement, oil and gas and power to avert climate-warming CO2 from entering the atmosphere

China has recognized CCUS as a vital part of efforts to become carbon neutral by 2060. However, it has built several demonstration projects where the execution of technology has been restricted so far.

An assessment report issued earlier this year by the Ministry of Science and Technology and other government bodies stated that the running and engineering costs of CCUS remain high, and government support has still been insufficient.

The report noted that the future of theoretical emission reduction potential of CCUS technology is massive but owing to the technology’s level of maturity and financial feasibility, it is difficult to exploit.

For the record, offshore CCUS have been deployed already in the United States and Norway, with apprehended CO2 supplied to developers for inoculating in the oil fields to aid boost recovery rates.

Source Credit - https://energy.economictimes.indiatimes.com/news/oil-and-gas/chinas-cnooc-completes-first-offshore-carbon-capture-site/92220118

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Reliance Jio to release low-cost laptop with 4G capabilities for $184

Reliance Jio to release low-cost laptop with 4G capabilities for $184

By Nikita Chaurasia

Reliance Jio will reportedly release a budget-friendly laptop with an embedded 4G sim card for $184 (around INR 15,000). The company hopes to build on the success of its low-cost JioPhone in India's fiercely competitive market. The Mukesh...

PM Liz Truss to launch comprehensive review of UK’s visa policy

PM Liz Truss to launch comprehensive review of UK’s visa policy

By Nikita Chaurasia

Newly appointed Prime Minister Liz Truss is considering doing a complete review of Britain's visa system, as the nation struggles with severe labor shortages in vital industries. Business leaders across the UK have reportedly praised the decision...

UAE: Entrepreneurs and investors can benefit from visa reforms

UAE: Entrepreneurs and investors can benefit from visa reforms

By Nikita Chaurasia

The visa and business reforms by the UAE will open new prospects for investors, entrepreneurs, IT specialists, job seekers, and tourists, according to credible sources. This will reportedly benefit the region’s economic growth. Business Link...