China’s largest carbon capture project will be put into operation in the first phase or September, with a total scale of 3 million tons

Carbon neutralization means offsetting carbon dioxide emissions caused by human activities through technical means. Carbon capture, utilization and storage (CCUs) is one of the ways.

On January 10, at the “2021 China dual Carbon Energy Development Summit Forum”, Ni Juan, director of Guanghui Energy Co.Ltd(600256) ( Guanghui Energy Co.Ltd(600256) , 600256), said that Guanghui Energy Co.Ltd(600256) will build China’s largest CCUs project (3 million tons). Among them, the first phase is to build a 100000 t / a carbon dioxide capture and utilization demonstration project, with a production scale of 104000 T / a liquid CO2, which is expected to be put into operation in September this year.

Ni Juan said that in 2021, Guanghui Energy Co.Ltd(600256) launched the second strategic transformation. One direction is to develop carbon dioxide capture, storage and reuse. The CCUs project has been officially launched and started construction. In the other direction, Guanghui Energy Co.Ltd(600256) will gradually explore the field of hydrogen energy and make the transformation of the whole industrial chain in combination with the technical and personnel advantages in the field of liquefied natural gas.

Ni Juan said that the above-mentioned project is constructed by stages. Under the background of realizing the “double carbon” goal, the carbon dioxide capture and oil displacement project is of great significance to achieve stable and increased oil production in Xinjiang.

Guanghui Energy Co.Ltd(600256) relying on its own coal resources, projects such as 1.2 million tons of methanol / 800000 tons of dimethyl ether and 400000 tons / year of comprehensive utilization of raw gas to produce ethylene glycol have been successively invested and constructed in Maohu Lake area of haminao. The annual by-product of medium and high concentration carbon dioxide (82-85%) is nearly 4 million tons, providing raw materials, manufacturing and market demand for carbon dioxide capture, pipeline transportation and oil displacement, It has realized the sustainable development of the whole chain.

Guanghui Energy Co.Ltd(600256) with coal, LNG, coal tar and oil as the core products and energy logistics as the support, it is the only private enterprise with coal, oil and gas resources in China. At present, Guanghui Energy Co.Ltd(600256) LNG accounts for about 52% of the main revenue, coal accounts for about 30% and coal chemical industry accounts for about 20%.

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