More multinational energy giants are announcing plans to invest in China's energy sector as a result of its rapidly growing momentum and huge potential, industry experts said.
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Eyeing huge potential in the carbon-storage sector in China, global energy giant Royal Dutch Shell vowed to further expand its presence in the country to tap the potential of carbon capture and storage sector in the country with local partners.
ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission have signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China.