TAG: "CCUS"

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EU Faces Challenges in Meeting Clean Energy Goals Amid Global Competition

Although the US spent only USD 86 billion in 2023, the Inflation Reduction Act is expected to spur significant investments, allowing the US to match and eventually surpass the EU in clean energy spending by 2030.

CCUS | June 03, 2024 | By Abha Rustagi 1122

Sinopec Completes Construction of China's First Megaton Scale Carbon Capture Project

China Petroleum & Chemical Corporation has completed the construction of China's first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS on January 29, which will reduce carbon emission by 1 million tons per year, the equivalent of planting nearly 9 million trees and shutting down 600,000 economy cars.

CCUS | January 31, 2022 | By News Bureau 1631

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