Respect yr opinion but disagree on several points. Sinopec is a huge organization and function in an area where it is globally commonplace to license the best technology for each project. Nobody of scale in the Petrochemical industry tries to copy something that is 'proven' well researched technology, protected by patents etc. We are not talking about a widget which you can break down into components and replicate. We are dealing with chemistry and science on the back of a huge research cost.
I have said previously that the NCF prospect is very much a long game. New projects in this space have a 'feasibility to build' horizon of 5 to 7 yrs. Even in the case of existing plants, bolt-ons of this nature are very complex and probably have a horizon of two to three years.
If you doubt the prospect for carbon capture going forward, you may like to have a read about YanChang complex in China, already under construction. Yes, the technology is not NCF's, but China is leading the world on Carbon Capture and NCF are working with a very sizeable player in Sinopec.
Question is, "will their route of capture to make saleable by-products versus using to improve oil & gas drilling (then to underground storage) win a slice of the market ?"
No doubt, a high stakes game, but they are a player. Just need to find their niche. If and when they do, rewards will be obscene.
All considered, you will be right on 'cash burn' for x months / years. But then, Kaboom !!! LOL
DYOR
Rokewa
PS Vivid will keep us stimulated while we wait for that big payday.
VIV Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
