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ASIACHEM to Organize the CO2 Capture, Storage & Utilization Conference in Shanghai in September 2010

August 18, 2010

SHANGHAI, Aug. 18 /PRNewswire-Asia/ — The Chinese government promised
that CO2 emission intensity would be reduced by 40%-45% by 2020 compared to
2005. At the same time, by 2020 the share of non-fossil energy consumption
target is 15%, which would mean fossil fuels still accounting for 85% of the
energy mix.

For China’s energy and chemical industry, how to develop CO2 Capture,
Storage and Utilization (CCSU) technology, and how to realize the efficient
and clean use of coal, will be the important issues over the next 10 years.

In recent years, several CCSU projects were demonstrated. North Dakota’s
Great Plains SNG plant has cooperated with Canada Weyburn Oil field on CO2
Enhanced Oil Recovery (CO2-EOR) since 2000. BP and TOTAL also have started a
CO2 Capture & Sequestration (CCS) demonstration.

In China, Huaneng has built two CO2 capture projects in Beijing and
Shanghai, respectively, by the post-combustion CO2 capture of a coal fired
power plant. China Power Investment also completed a CO2 capture pilot in
Chongqing. Shenhua Group started its CCS project in Ordos near to its CTL
plant. PetroChina and Sinopec also launched CO2-EOR pilots, while China United
Coalbed Methane (CUCBM) built a CO2 to improve oil recovery (CO2-ECBM) pilot.

In addition, Japan’s Mitsui Chemicals uses CO2 and H2 for methanol
production, which is an actual implementation of Methanol Economy – advocated
by Nobel laureate George A. Olah, and Mitsui is seeking partners for further
industrialization. Jinglong-CAS and CNOOC have successfully used CO2 to
produce biodegradable plastic.

In 2010, a research team from NDRC and the Chinese Ministry of Finance
announced a report on “China Carbon Tax Framework Design.” As the report
proposed, by 2012, the Chinese government may initiate a tax of RMB 10-20 per
ton of CO2 to industrial firms.

The CO2 Capture, Storage & Utilization Conference will be held by ASIACHEM
Consulting from September 15-16, 2010 in Shanghai, China. The upcoming event
will focus on China’s Carbon Tax design and policy and its impact on
industries (power generation, coal chemicals and petrochemicals, steel, cement
etc.), the technology & economics of CO2 Capture, Storage & Utilization
projects, the update & outlook of CO2-EOR, CO2-CBM and CO2 chemical
utilization in China. The delegates will be arranged to visit the CO2 based
Bio-degradable Polymer Plant – Jinlong-CAS, which is the joint venture between
Jiangsu Jinlong and the Chinese Academy of Sciences (CAS).

    For more information, please visit:

http://www.chinacoalchem.com/events/2010CCSU/CCSU2010.pdf

About ASIACHEM

ASIACHEM is the leading coal chemical consultancy. Based in Shanghai,
China
, ASIACHEM provides industrial research reports and up-to-date &
intensive business intelligence & reviews for customers including the Energy &
Chemical majors listed in the Fortune Global Top 500. ASIACHEM also organizes
the most specialized conferences focusing on clean coal conversion and coal
chemical industry.

SOURCE ASIACHEM Consulting (Shanghai) Co., Ltd


Source: newswire



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