The operation of China's first offshore carbon capture and storage demonstration project will further facilitate China's carbon peak and neutrality goals, as oil companies step up research and investment to help them become sustainable in the long run, industry experts said.

The demonstration project began operations on Thursday in the eastern waters of the South China Sea. It will help fill the gap in China's offshore carbon capture, treatment, injection and storage technology, said its operator China National Offshore Oil Corporation.

The facility is expected to store 300,000 metric tons of carbon dioxide each year, and is designed to capture and store up to 1.5 million tons of carbon dioxide produced during the process of oilfield development, said Deng Changhong, deputy general manager of the Shenzhen Branch of CNOOC.

Source: By Zheng Xin, chinadaily.com, June 02, 2023 [https://epaper.chinadaily.com.cn/a/202306/02/WS6479282fa310ac2da18a2acb.html]