Sinopec uses CO2 to increase oil production

Chinese oil and gas company Sinopec has built a new carbon capture, utilization, and storage (CCUS) plant. According to a company statement, the plant will be able to store one million tons of CO2 per year, as reported by consulting agency Trivium China. The CO2 would thus no longer escape into the atmosphere and lose its climate-damaging effect. Converted, this would be as much as almost 600,000 combustion cars emit per year or as much as nine million trees store in CO2 per year. By comparison, China’s annual CO2 emissions amount to 10.7 billion tons.