Sinopec begins work on million-tonne carbon capture project
Sinopec, a Chinese oil and gas enterprise based in Beijing, has today announced that it has begun work on building a project with the aim to capture up to 1mn tonnes of carbon dioxide from industrial processes.
Known as the megaton carbon capture, utilisation, and storage (CCUS) project, it aims to create a template for the large-scale development of carbon capture throughout China. Once complete, it will be the country’s largest whole-industrial-chain carbon capture project.
Talking about the project, Zhang Yuzhuo, Chairman of Sinopec, said: “According to the International Energy Agency, CCUS will contribute about 14% of carbon dioxide emissions reduction by 2050. Sinopec will research and establish an R&D centre to advance a series of core technologies”.
How does the megaton carbon capture, utilisation, and storage (CCUS) project work?
According to Sinopec, the CCUS project will capture carbon dioxide released from industrial processes and purify it. Then, the carbon is liquified and injected into the Shengli Oilfield, which is located near the second largest river in China, the Yellow River Delta. This process improves the liquidity of the field’s crude oil, according to Sinopec.
A video explaining more about the CCUS project can be found below.
Expected to be operational by the end of this year, the project has been described by Sinopec as a “milestone in the development of the carbon capture industry”, and a contributor to China’s 2030 plan to reach peak carbon emissions by 2030 and complete carbon neutrality by 2060.
“Studies have shown that CCUS will neutralize China's 1bn tonnes of carbon emissions in the future, effectively promoting the purification of fossil energy, the scaled development of clean energy, and low-carbon production”, the company said in a statement.
Sinopec aims to build a similar project to CCUS within the next five years, although details on it are yet to be released. The company believes the environmental effects of the CCUS project will be the same as planting 9mn trees and shutting down 600,000 fossil fuel cars.
Sonnedix starts construction of 50MW solar plant in Spain
Sonnedix has started building a 50MW solar PV plant in Badajoz, Spain.
Sonnedix Los Frailes will be built on a 111-hectares, becoming the largest project built by the IPP in the country, where it has operated since 2010. With over 110,000 monocrystaline solar panels, the project will connect through a transmission line to the Vaguadas substation.
During construction, Sonnedix will create approximately 250 new jobs in Badajoz, in line with its ESG standards and commitment to improving the life of the local community.
Once operational, Sonnedix Los Frailes, which is being developed in collaboration with Viridi RE group, will produce approximately 102,000 MWh per year, capable of powering more than 36,500 homes with clean electricity and avoiding over 24,000 tons of CO2.
Axel Thiemann, CEO of Sonnedix, said: “We are excited to start the construction of our largest project to date in Spain, a milestone that highlights both our strong commitment to the Spanish market, and our potential to expand our platform worldwide. We are very proud of our hard-working and committed team in Spain, which has doubled in the last year, and we look forward to continue developing and acquiring solar PV projects in the country, playing an important role in the energy transition, as well as the post-pandemic economic recovery.”
Last June 2020, Sonnedix signed a 10-year Power Purchase Agreement (PPA) with Europe´s largest producer of renewable energy and leading PPA provider Statkraft for the supply of 100 GWh of energy per year, making it the IPP’s first PPA for a grid-parity project in Spain.
Sonnedix is one of the leading solar IPPs in Spain, with over 1GW of capacity, including 365MW operational, 50MW under construction, and a development pipeline of over 600MW. Currently it has almost 2GW under operation or construction across eight countries, plus more than 2GW in the pipeline.
According to SolarPower Europe, Spain is expected to have a total installed solar PV capacity of 29GW by 2024 in the medium scenario, making it the second largest solar market in Europe. Renewables produced 50.7% of Spain’s electricity in May, generating 10% more gigawatt-hours year-on-year.
The Spanish National Energy and Climate Plan (NECP) targets 74% of renewable electricity generation and 39.2 GW of PV capacity by 2030.