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
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
30 September 2024
The oft-fragmented and disparate sector must find ways to speak with a collective voice and debunk the anti-CCS doublethink
26 September 2024
Norway claims world lead in commercial CO₂ transport and storage as project developed by TotalEnergies, Shell and Equinor stands ready to start injections in 2025
26 September 2024
Developer cites growing competition for clean power as it puts project in Wyoming on hold