New International CCUS Alliance Formed Under Sinopec’s Leadership to Accelerate Climate Action
BEIJING, July 14, 2025 /PRNewswire/ — On July 11, Beijing hosted the inaugural Members Assembly and launch of the International CCUS (Carbon Capture, Utilization, and Storage) Technology Innovation & Cooperation Organization (ICTO). This groundbreaking initiative, spearheaded by China Petroleum & Chemical Corporation (HKG: 0386, Sinopec) and guided by the China Association for Science and Technology (CAST), marks a significant milestone in global climate action.
ICTO brings together a powerhouse of 50 influential entities, including leading enterprises, industry associations, research institutions, and renowned academicians. This global coalition aims to create a platform for knowledge sharing and collaboration, driving CCUS technological innovation and application. With its core mission, Innovating For Carbon Pathway, Sharing The Future, ICTO seeks to establish a credible, influential, and authoritative global network to tackle climate change head-on.
The inauguration drew over 90 representatives from 12 countries across four continents. During the conference, attendees ratified the Charter of the International Technology Innovation Cooperation Organization for Carbon Capture, Utilization, and Storage and elected the organization’s first leadership assembly. Ma Yongsheng, an esteemed academician of the Chinese Academy of Engineering and Sinopec’s chairman, was chosen to lead as the director of this inaugural assembly.
Ma Yongsheng emphasized, “ICTO’s establishment is not just a testament to the global community’s resolve in combating climate change; it’s a concrete pledge to take action. We’re committed to fostering open dialogue and meaningful cooperation, positioning CCUS as a key driver in our collective journey towards global carbon neutrality.”
The fight against climate change and the pursuit of net-zero emissions have gained unprecedented global traction, with 151 nations now committed to climate targets such as carbon neutrality or net-zero carbon. CCUS technology stands out as a game-changer, potentially contributing to about 15% of the emissions reduction needed to reach carbon neutrality. To meet this potential, experts project that CCUS project capacity must expand over 100-fold by 2050.
Sinopec has been at the forefront of China’s CCUS industry. The company launched China’s pioneering CCUS project at Shengli Oilfield in 2012 and introduced CO₂ resource integration across its operations in 2015. Sinopec further cemented its leadership by commissioning China’s first commercial megaton-scale CCUS project in 2022 and completing the nation’s inaugural long-distance CO₂ transmission pipeline in 2023.
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