Chinese oil and gas companies are racing to put carbon capture, utilisation and storage (CCUS) technologies to work in their developments as the industry grapples with emissions-reduction targets set out by President Xi Jinping.
Speaking at the 75th session of the United Nations General Assembly via video in late September, Xi said his country aims to reach peak carbon dioxide emissions before 2030 and to achieve carbon neutrality before 2060.
The national oil companies, led by China National Petroleum Corporation and Sinopec, have launched a programme to apply CCUS in field developments through a few high-profile demonstration projects.
