CNPC uses CO₂ to boost oil output
Multiple challenges hinder China CCUS expansion
Greater collaboration with international developers could spur sector’s growth as it grapples with high costs and lack of effective business models, report says
Greater international cooperation would benefit the development of CCUS in China, which faces multiple challenges in building integrated projects on a commercial scale, according to a report by the EU-China Energy Cooperation Platform. High CO₂ abatement costs, a lack of effective business models, insufficient incentives and regulatory measures, and difficulties in matching carbon sources with sinks are among the factors hindering the sector’s progress in China, said speakers at the report’s launch in Beijing. CCUS is one of the most promising areas for international cooperation, allowing companies and organisations to shoulder risks and costs together and enabling better coordination to del
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