Rosneft planning three carbon capture and storage hubs in effort to achieve net zero target
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Combustion Industry News Editor
Russia’s largest oil producer, Rosneft, is planning to build three carbon capture and storage hubs as it works towards the goal of its operations being net-zero by 2050, as Reuters reports. Vice-president Didier Casimiro also said that the company is still targeting increasing the share of natural gas in its business to 25% by 2025. The announcement is an interesting one in the context of the invasion of Ukraine by Russia; it suggests Rosneft sees a long-term future in low-carbon supply of its products to Europe, but this could instead be to other customers such as China.