Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

Sinopec to work closely with research institutes for carbon-neutral plan

November 25, 2020


Abstract : China Petroleum & Chemical Corporation (Sinopec), one of China's largest oil refiners, has recently signed cooperation agreements with three research institutes to explore ways to achieve CO2 emission peak and carbon neutrality in the refining industry, reported Shanghai Securities News Tuesday.

Sinopec.png

BEIJING, Nov. 25 (Xinhua) -- China Petroleum & Chemical Corporation (Sinopec), one of China's largest oil refiners, has recently signed cooperation agreements with three research institutes to explore ways to achieve CO2 emission peak and carbon neutrality in the refining industry, reported Shanghai Securities News Tuesday.

The three research institutes are namely the Energy Research Institute of China's National Development and Reform Commission (NDRC), National Center for Climate Change Strategy and International Cooperation (NCSC) and a Tsinghua's laboratory working on low-carbon energy.

Insiders and experts believed that Sinopec's move would set a role model for other market players in the industry's transformation towards green and low-carbon development.

In fact, Sinopec has already made remarkable achievements in its effort to reduce carbon emission. During the past five years, it has accelerated application of clean energy, such as natural gas, biomass energy, thermal energy and hydrogen energy, recycled emission of greenhouse gas, and participated in carbon trading market, with the total transaction volume reaching 11.10 million tonnes in the pilot areas.

China has been a staunch upholder of the Paris Agreement and an active player in global cooperation on climate change. It has vowed to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Sinopec carbon-neutrality

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial