ACCE Launched the1st Asia Based CCS Initiative "Global Carbon Capture, Utilization & Sequestration Summit"

Online, May 25, 2010 (Newswire.com) - Asia Coalition for Climate and Energy (ACCE) is pleased to announce launching of the 1st Asia based CCS initiative, "Global Carbon Capture, Utilization and Sequestration Summit " (The Global CCUS Summit). Its 1st conference will be held during 17th-19th August, in Shanghai, China.

The deployment of large scale demo projects will be a global action among all entities and across developed and emerging economies including China, which is about to establish its 2nd Carbon Capture plant with 100,000 tons annual CO2 capture capacity. The Global CCUS Summit in Shanghai is a call in time to gather CCS stakeholders worldwide. It is expecting around 100 senior representatives from energy, Oil & Gas Corporation, academy, government, international agencies, and NGOs.

The Global CCUS Summit of 2010 will push forward crucial issues to be resolved on the road to CCS projects deployment and commercialization, by liaising with global CCS community across commercial, public, academic, institutional and financial sector. Those issues include demo project best practice exchange, emerging economies' involvement, legal framework and policy support, public awareness and acceptance and last but not the least, project financing.

ACCE hope also hope raising founding through the Global CCUS Summit, to delicate facilitating CCUS Know-how and experience exchange by supporting selected research programs and projects sustainably in the long term.