China's state-run refiner Sinopec, steelmaker Baowu, international energy firm Shell, and German chemical producer BASF have signed a memorandum of understanding for the joint development of a carbon capture, utilization and storage, or CCUS, project in East China, according to the companies' statements late Nov. 4. After materializing, it will be China's first large-scale, open-source CCUS project with capture and storage capacity beyond 10 million mtCO2/year.
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