Core Viewpoint - The Jilin Petrochemical-Jilin Oilfield CO2 pipeline project is a significant step in China's efforts to implement carbon reduction strategies and promote clean energy transition, with a focus on carbon capture, utilization, and storage (CCUS) [1][2] Group 1: Project Overview - The CO2 pipeline project, initiated on April 27, is the longest, largest diameter, and highest pressure CO2 pipeline in China, spanning nearly 400 kilometers [1] - The first phase of the project includes a pipeline length of 282.26 kilometers and a designed transport capacity of 3.3 million tons per year [1] - The pipeline will utilize supercritical/dense phase transport and will connect various cities in Jilin Province, facilitating carbon source absorption from local enterprises [1] Group 2: Technological and Operational Aspects - Advanced technologies such as centrifugal CO2 compressors and fiber-optic leak detection will be employed in the pipeline's design [1] - The project aims to enhance oil extraction efficiency by over 20% compared to traditional water-based methods, with an annual oil recovery of over 1 million tons [1] - The project emphasizes strict adherence to technical standards, material inspections, and the use of digital and intelligent monitoring methods to ensure quality and safety [2] Group 3: Strategic Importance - The project is aligned with China's national "dual carbon" strategy and is expected to be operational by 2026, serving as a backbone for carbon emission and utilization enterprises in Jilin Province [2] - It aims to promote the green and low-carbon transformation of enterprises in the region and further advance the development of the CO2 capture, utilization, and storage industry in China [2]

Core Insights - The Jilin Petrochemical - Jilin Oilfield CO2 Pipeline Project has officially commenced, marking a significant step in China's carbon capture and storage efforts [1] - The pipeline, spanning approximately 400 kilometers, is the longest, largest diameter, and highest pressure CO2 pipeline in China, with an expected annual underground CO2 storage capacity exceeding 4 million tons [1] - The project aims to create a carbon network in Jilin Province, facilitating the transition of local enterprises towards green and low-carbon development [1] Group 1 - The CO2 pipeline project is a key initiative responding to national policies and the strategic deployment of China National Petroleum Corporation [1] - The pipeline will utilize advanced technologies such as supercritical/mixed-phase CO2 transport, centrifugal compressors for boosting pressure, and fiber-optic leak detection, addressing existing technological gaps in the country [1] - The project will connect multiple cities and counties, allowing for the absorption of carbon sources from enterprises like Jilin Petrochemical [1] Group 2 - Jilin Oilfield has achieved a dual effect of "oil recovery" and "carbon fixation" through CO2 capture, utilization, and storage (CCUS) technology [2] - In 2024, the oilfield plans to inject 41.8 million tons of CO2, accounting for 22% of the total CO2 injection by China National Petroleum Corporation [2] - The practical applications of CO2 include green methanol and carbon-rich agriculture, indicating the significant potential for CCUS technology to transition from industrial to commercial use [2]

Group 1 - The Jilin Petrochemical-Jilin Oilfield CO2 pipeline project has been launched, with a total length of approximately 400 kilometers, expected to sequester over 4 million tons of CO2 annually once completed [1][3] - This pipeline is the longest, largest diameter, and highest pressure CO2 pipeline in China, utilizing supercritical/dense phase transport technology, and will pass through four cities: Songyuan, Changchun, Siping, and Jilin [3] - The project incorporates advanced technologies such as centrifugal CO2 compressors and fiber-optic leak detection, filling gaps in domestic technology [3] Group 2 - The CO2 sequestered underground will also be used as a medium for oil extraction, improving efficiency by over 20% compared to traditional water-based methods, with an annual oil recovery of over 1 million tons [3] - The ultimate goal is to establish a closed-loop carbon cycle model of "capture-transport-utilization-sequestration" [3][4] - The project aims to create a main carbon network for carbon-emitting and utilizing enterprises in Jilin Province, significantly promoting the green and low-carbon transformation of local businesses [3][4] Group 3 - Carbon capture, utilization, and storage (CCUS) measures are crucial for achieving global carbon neutrality, and the CO2 pipeline is key to advancing the CCUS industry [4] - Jilin Oilfield has established China's first national-level demonstration project for the entire CCUS industry chain and process [4] - In 2024, Jilin Oilfield is expected to sequester 41,800 tons of CO2, accounting for 22% of the total CO2 sequestered by China National Petroleum Corporation [4]