CCI announces its first investment - BlueShell Clean Energy Environmental Protection Co., Ltd

• Market-leading, second generation CCUS technology based on lower cost metal-organic frameworks (MOFs) technology in China

• Funding aimed at accelerating commercial deployment in oil & gas industry and other industrial fields

• First industrial-scale MOF carbon capture demonstration project in China successfully built and operated, opening huge potential for commercialization and growth

OGCI China Climate Investments (“CCI”) has completed its first strategic investment in Beijing BlueShell Clean Energy Environmental Protection Technology Co., Ltd (“BlueShell”).

BlueShell’s innovative adsorption-desorption separation process of metal–organic frameworks (MOFs) technology – second-generation CCUS technology – enables ultra-low-cost CO₂ capture and utilization, and has shown big potential in ethane separation from natural gas. In addition to its core MOFs technology, BlueShell has multiple advanced technologies applied in the oil and gas industry, including recycling and utilizing oilfield-associated gas, which can reduce methane emission and support low-carbon transition for oil and gas customers. 

“We welcome CCI’s investment, with which we are able to accelerate the commercial application of MOFs separation technology and contribute to the high-quality development of CCUS and methane emission reduction industry in China. We look forward to supporting the oil and gas industry’s decarbonization drive with the backing of CCI”, said Mr. Zhao Ziying, Chairman and CEO of BlueShell.

Recently, BlueShell’s 150,000 m³/day MOF gas separation demonstration project successfully started operating in CNPC’s Xinjiang Oilfield, which can capture around 50,000 tons of CO₂ every year. The technology has shown excellent performance in separation efficiency and energy consumption, demonstrating promising wider application of this market-leading second-generation carbon capture technology in China. Moreover, this project can recover around 30 million m³ of natural gas annually, actively implementing the flare-out program in the oil and gas industry, in line with the national strategy of "Methane Emission Control Action Plan".

It is estimated that the annual GHG impact of this CNPC Xinjiang Oilfield MOFs project will exceed 100,000 tons of CO₂e. BlueShell plans to achieve an average annual GHG impact of 350,000 tons of CO₂e over the next five years. 

He Hongxu, Chair of China Oil and Gas Climate Investments, the General Partner of CCI, said: “We are pleased to have seen the accelerated development of BlueShell following CCI’s investment, which will help BlueShell accelerate the commercialization of its MOFs separation technology, develop its methane emission reduction business, and jointly support the low-carbon transition of the oil and gas industry. CCI is actively implementing China’s national strategy of carbon peak and carbon neutrality, through its investment focus in methane emission reduction, CCUS and CO₂ emission reduction. With its significant potential for delivering GHG emissions reduction, BlueShell is perfectly aligned to CCI’s investment strategy of supporting societal decarbonization and catalyzing low-carbon innovation.”