China has confirmed its first full life cycle of carbon-neutral fuel

Sinopec will receive its first carbon-neutral petroleum certificate from the Shanghai Area and Energy Exchange (SEEE).

Shanghai, September 22, 2021 (CNW) – Shanghai Environment and Energy Exchange (SEEE) Chinese The first load of a full life cycle is derived from carbon-neutral fuel September 22 In Shanghai, China.

Synopec Gaoqiao Petrochemical Corporation Manufacturing Institute.

Sinopec, Cosco Ship and China East Airlines have taken their own benefits by jointly developing innovations to build a “new model of green transport” by exploring the crossroads industry, full cycle and zero emissions – as an important milestone. Chinese The transport and energy sectors are promoting high carbon emissions and increasing carbon neutrality.

Crude oil from this carbon-neutral petroleum project is part of the Sinopec International Petroleum Exploration and Production Corporation’s share of the oil. Angola And brought in a Sinopec trade arm, a Unipek Cosco ship. The crude oil tanker has traveled more than 9,300 miles[40 m]across the Atlantic, India, and the Pacific Ocean to the port of Ninbo Zushon. 30,000 tons of crude oil was later transported to the Synopec Gaoquiao Petroleum Corporation.

Sinopec will launch carbon-neutral gasoline and diesel products at designated gas stations this year. Sinopec, meanwhile, is supplying 5,417 tons of jet fuel to East China Airlines as part of a joint effort to build charcoal-independent flights.

To compensate for the carbon emissions created during the oil delivery life cycle, Sinopec, Cosco Ship and China Eastern Airlines actively implemented energy conservation and emissions reduction strategies, purchased the Chinese Certificate Release (CCER) and hired SEEE as carbon. Independent Certification Authority.

The project invites a third-party certification agency to measure life-saving carbon dioxide, such as oil exploration, transportation, storage, refining, and consumption. To complete Chinese The first carbon neutral oil load.

The three companies have played their part in achieving the common goal. Sinopec is responsible for offsetting carbon emissions from exploitation, storage, processing, petroleum products, diesel and LPG. Cosco is responsible for the transportation of crude oil and the burning of marine fuel. And China has taken responsibility for offsetting carbon emissions from aviation kerosene.

“Sinopec is committed to green and low carbon production. This carbon-neutral petroleum project has achieved carbon neutrality from “baby” to “grave” at every drop of oil. Companies in three industries with full coverage of carbon neutrality in land, sea and air transport. The project has a positive impact, and we will expand to provide safe, clean and versatile energy by meeting the target requirements to reach the carbon peak and achieve carbon. “Neutrality,” said Ling Yikun, vice president of the Synopec Group.

The petroleum sector has a long process of complex technological processes and problems with calculating carbon emissions. The oil and gas industry must find a new development direction that is in line with the new carbon offset and carbon neutrality standards and the overall trend of energy transfer, green and sustainable.

Sinopec has partnered with Cosco Ship and China East Airlines Chinese Accurate measurement and compensation of carbon emissions from the project Full life cycle Initial load of carbon neutral oil business. This partnership paves the way for industry standards and the green and clean development of the industry to pave the way for a carbon-neutral oil trade.

Please visit Sinopec for more information.

Logo (PRNewsfoto / Sinopec)

Logo (PRNewsfoto / Sinopec)

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SOURCE SINOPEC

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