Shell to explore CCS in China with ExxonMobil and Cnooc

The three oil firms have partnered with the provincial government of Guangdong to assess options for a 10mn t/yr CCS hub in Daya Bay

Shell has signed a memorandum of understanding with ExxonMobil, Chinese oil giant Cnooc and the Chinese provincial government of Guangdong to explore the development of an offshore carbon capture and storage (CCS) hub. The hub will be located in the existing petrochemical industrial cluster at Daya Bay in Guangdong, and could capture up to 10mn t/yr of CO2. The partners are to conduct a joint study to assess the technology and develop a commercial model for the project, as well as working with the government to develop enabling policies. “The surging demand for CCS in China provides Shell with a substantial opportunity to grow its sectoral decarbonisation business,” said Anna Mascolo, execut