Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
CNPC uses CO₂ to boost oil output
China NOCs IOCs Carbon capture
Shi Weijun
Shanghai
15 December 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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

Also in this section

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search