China issues CCUS Annual Report 2023
Click:15    DateTime:Aug.14,2023

CCUS technology (Carbon Capture, Utilization and Storage) has become vital to help China to achieve carbon neutrality, realize near-zero carbon emissions of fossil fuels and support carbon recycling, as detailed in recently issued China CCUS Annual Report 2023 that the Administrative Center for China's Agenda 21, Global CCS Institute and Tsinghua University jointly organized related parties to compile. The report forecasts that by 2025, domestic demand for reducing carbon emissions via CCUS will be around 24 million t/a, which will skyrocket to 2.35 billion t/a by 2060.

China has issued more than 70 CCUS related policies, and the number of CCUS projects – involving many industries like petroleum, natural gas and chemicals – has approached to 100, more than 50% of which have been put into production. However, domestic CCUS technology faces many problems (e.g. high application cost, insufficient incentive and supervision measures, etc.). In the next step, China should establish a CCUS technical system serving carbon neutrality, accelerate R&D of key technologies, improve relevant regulations, issue relevant standard systems, deepen international cooperation in the area of CCUS, etc.