China Set to Displace North America With Carbon Capture Projects
- Final investment decision for Yanchang project has been taken
- Half of CCS plants under serious consideration are in China
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China is expected to displace North America and take the lead in the next wave of carbon capture and storage projects after its first large-scale endeavor with the technology advanced.
Construction on the Yanchang Integrated Carbon Capture and Storage Project will begin after a final investment decision was taken to go ahead with the demonstration site, according to the Global CCS Institute, a non-profit organization that has provided technical and advisory support for the initiative.