CNOOC, ExxonMobil, Shell, and the Guangdong Provincial Development & Reform Commission signed a memorandum of understanding for the evaluation of a world-scale CCUS project in China at the Dayawan Petrochemical Industrial Park in Huizhou.
The project could capture up to 10 million mt/year of carbon dioxide from one of China’s largest industrial areas. The project could also serve as a model for the chemical industry as one of the first petrochemical projects to be decarbonized.
