Sinopec said it has concluded construction of the Qilu-Shengli Oilfield carbon capture, utilization and storage (CCUS) project, China’s first megaton scale CCUS project. The project, which will reduce carbon emissions by 1-mta, consists of two parts Sinopec Qilu’s carbon dioxide (CO2) capture and Shengli Oilfield’s CO2 displacement and storage. CO2 captured by Sinopec Qilu will be sent to Shengli Oilfield for further displacement and storage via a green transport mode, achieving an integrated application of carbon capture, displacement and storage to lock the CO2 underground and drive the oil out. Sinopec plans to build a second megaton CCUS demonstration project, between 2021 and 2025, in partnership with Sinopec Nanjing Chemical Industries Co. In addition, the company will build a CCUS research and development center to focus on cutting-edge technological breakthroughs, including the integration of CCUS with new energy, hydrogen energy and biomass energy.