Page 199 - Sinopec News Today

Sinopec, Shell, China Baowu and BASF will explore open-source CCUS development to achieve carbon goals SHANGHAI, Nov. 4, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:

Shell and its partners will undertake a feasibility study to build a commercial project with a capacity to store millions of tonnes of carbon dioxide.

Chinese President Xi Jinping on Friday delivered at the 5th China International Import Expo (CIIE), the worlds biggest import fair, a keynote speech that underlined Chinas unswerving commitment to further opening up its market and to creating new opportunities for the world with its own development, as the world faces a lingering COVID-19 pandemic, energy crisis, and growing trend of anti-globalization and trade protectionism.

Sinopec, Shell, China Baowu and BASF will explore open-source CCUS development to achieve carbon goals SHANGHAI, Nov. 4, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has signed a non-binding MoU with Shell, China Baowu and BASF to launch the first 10-million-ton carbon capture, utilization and storage (CCUS) project in East China. The open-source project...

While the country's goals of achieving carbon neutrality by 2060 will exert pressure on the country's refinery sector, energy transition efforts will also broaden opportunities for those who capture growing demand for petrochemicals and are willing to adjust and modify their production modes, analysts said.

Suncor Energy Inc. is reducing the size of its contractor work force by 20 per cent as part of its effort to improve safety and performance at its oilsands operations.

Suncors safety record has been under the microscope in 2022, ever since U.S.-based activist investor Elliot Investment Management publicly called for change at the Calgary-based energy company.

Saudi Arabia last week reiterated its commitment to China as its “most reliable partner and supplier of crude oil,”.

/PRNewswire/ -- The "Aerospace Lubricants Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.coms offering. An...

The Nigerian National Petroleum Company (NNPC) Limited says Addax Petroleum Development Nigeria has transferred four major oil mining...