Epoxy curing agent News The number of domestic CCUS projects continues to rise, mainly in the field of carbon capture

The number of domestic CCUS projects continues to rise, mainly in the field of carbon capture

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The number of domestic CCUS projects continues to rise, mainly in the field of carbon capture

CCUS refers to carbon dioxide capture, utilization and storage, which refers to the separation of carbon dioxide from processing, energy utilization or the atmosphere in industrial production, and then utilizes it to achieve carbon dioxide emission reduction. Under the dual goals of “carbon peaking” and “carbon neutrality”, CCUS serves as a guarantee for domestic carbon dioxide emission reduction and energy security, and the industry has developed rapidly.
For now, CCUS is the only technology that can achieve low-carbon utilization of energy. Our country’s energy sources are diverse and large-scale. Although the country has vigorously developed renewable energy in recent years, the market share of fossil energy and nuclear energy is still high. In 2019, coal accounted for about 60% of China’s energy consumption, and it is expected to decrease by 2025. to about 14%. CCUS is the only option to achieve zero emissions from petrochemical energy, so the market demand for CCUS will remain high in the future.
Benefiting from policy support, CCUS technology is developing rapidly around the world, and carbon dioxide emission reductions will continue to rise, and are expected to reach 500 million tons/year by 2030. The main way for CCUS to reduce carbon dioxide emissions is through capture and storage. Since the CCUS industry is still in its early stages of development, the global carbon dioxide capture and storage capacity in 2020 is only 40 million tons/year. The development of the CCUS industry can be planned for three periods. The first phase is before 2030. CCUS projects focus on carbon capture, mainly in chemical production, steelmaking and metallurgy, coal power generation and other fields. It is expected that by 2030, global carbon capture will be The concentration will reach 1.7 billion tons/year, 79% of which comes from fossil fuels and industrial processes.
According to the 2021-2025 China CCUS Project Investment Feasibility Research Report released by the Industrial Research Center, the current U.S. market share in the CCUS field Development is relatively advanced. In 2020, the United States added 12 new CCUS projects, and the number of operating projects increased to about 40, accounting for half of the total number of CCUS projects in operation worldwide. In 2020, it achieved 31.2 million tons of carbon capture. In 2020, the EU has 14 CCUS projects in operation; Japan is limited by geological conditions and currently has a small number of CCUS projects, most of which are overseas investment projects.
There are about 42 CCUS projects under construction or in operation in my country, mainly in the fields of power and petrochemicals. The carbon capture capacity is 3.2 million tons/year. The overall scale is relatively small, and there is a lack of large-scale, multi-technical full processes. project. In the context of the dual carbon goals, my country’s CCUS emission reduction demand is relatively high, reaching about 20 million tons in 2025, and the carbon emission reduction demand is expected to be about 350 million tons by 2030.
According to the analysis of domestic CCUS projects, thermal power is currently the key CCUS project in my country. It is expected that the CCUS emission reduction of coal power will reach 6.23 million tons/year by 2025, followed by the steel and cement fields. Petrochemicals and chemical industries are the main utilization areas of carbon dioxide. It is expected that the demand for emission reduction in the petrochemical and chemical industries will reach approximately 51.2 million tons by 2030.
Industry analysts said that CCUS refers to carbon dioxide capture, storage and utilization. With policy support, the industry is currently in a stage of rapid development. . The development of the CCUS industry is still in its infancy, with most projects focused on the field of carbon capture, and the number of domestic and overseas carbon capture continues to rise. In the short term, carbon capture projects are developing rapidly, the scale of carbon dioxide utilization is relatively small, and no breakthrough progress has been made in the field of carbon storage.
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