Shenhua prepares to develop first carbon capture demonstration project
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Shenhua is preparing to develop the first carbon capture demonstration project 2009-4-3 China Shenhua Group recently revealed that the group is studying the use of carbon capture and storage (CCS) technology to reduce carbon dioxide emissions from coal-to-liquids projects, and is currently conducting research, development and evaluation of demonstration projects. Authoritative sources from China Shenhua Coal-to-Liquids Chemical Co., Ltd. said that as the first carbon capture and storage project carried out in China, various methods of carbon storage are now being considered, including geological storage. At present, the input and output of the demonstration project have not been evaluated. At present, it is only considered to carry out demonstration and promote it in the future. According to estimates from the Beijing Research Institute of China Shenhua Coal-to-Liquids Chemical Co., Ltd., the demonstration project will be implemented on a large scale within 1 to 2 years. This project supporting the group's 1 million tons/year direct coal-to-liquids demonstration project will * * Reduce carbon dioxide emissions during the production process to achieve clean utilization of coal. Research shows that using modern coal direct liquefaction technology, each ton of refined oil produced will emit about 3 tons of carbon dioxide, most of which is of high purity and the cost of capture is very low. At present, the most feasible and effective way to reduce carbon emissions is to use appropriate technologies to capture and store carbon dioxide. The research and development work of this demonstration project is included in the Sino-US Fossil Energy Cooperation Agreement. The Chinese side is undertaken by China Shenhua Group, and the American partners include West Virginia University and Lawrence Livermore of the U.S. Department of Energy. * * Laboratory etc.
Because of CO2 emissions, there are quotas now, which are called carbon credits in English. If a company emits too much, it must face two ways to solve it.: 1. Spend money to buy unused quotas from others, 2. Pay fines for extra rows. I don’t know what the current carbon credit price situation is in China, but abroad, the unit price per ton is usually more expensive than the price of coal. If the capture technology develops better, less CO2 will be emitted. In other words, it will make money. Through CO2 capture, the allocated emission quotas can be sold to other companies that need to buy quotas, which is also a huge amount of income. * * The incentives for CO2 emission reduction in western cities are also relatively large.
"Research shows that using modern coal direct liquefaction technology, approximately 3 tons of carbon dioxide will be emitted for every ton of refined oil produced. "You all understand why coal liquefaction is not done abroad..."
"If the capture technology develops better, less CO2 will be emitted. In other words, it will make money. Through CO2 capture, the allocated emission quotas can be sold to other companies that need to buy quotas, which is also a huge amount of income. * * The incentives for CO2 emission reduction in western cities are also relatively large. Please note that CO2 capture requires investment. It is not that you can sell quotas just by having CO2. The money you need to spend at least includes CO2 collection, compression, long-distance gas pipeline transportation, finding stable and suitable geological structures and high-pressure pouring, etc. It is said that in the United States, CO2 capture has basically been considered to be a huge investment and the gain outweighs the gain. Only Canada is still struggling to study (to save oil sands projects), But no project has been launched, and the Chinese have been deceived again.... This post was last edited by Jess on 2009-4-6 08:43 ]
It should be said that CO2 capture and emission reduction are problems that must be solved in the development of coal chemical industry and coal liquefaction. As a leader in coal-to-liquids and coal chemical industry, Shenhua is also a central enterprise. No matter what the cost, Shenhua needs to shoulder such a heavy burden first. At present, Shenhua's leaders are pressing for this project, hoping to make use of the existing facilities of the Ordos Coal-to-Liquids Plant and hoping that construction will start next year.
Companies like Shenhua should be encouraged to try this. If they don’t dare to try, how can they talk about their own technology?