Carbon Dioxide Industry Hotspots for March 2015

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Hot 1:100,000 tons of carbon dioxide recovery plant civil engineering started in Zhongyuan Oilfield  Hot 2:Li Keqiang reiterated that the iron fist pollution control carbon dioxide emissions by 3.1%. Hot 3:CEC invested in Liuping power station to complete the largest single transaction of carbon dioxide emissions reduction in China

Hot 1:100,000 tons of carbon dioxide recycling plant civil works started in Zhongyuan Oilfield

At the beginning of the new year, the civil construction of 100,000 tons of carbon dioxide recycling device reconstruction and expansion project of Petrochemical General Plant of Zhongyuan Oilfield started, which is one of the key projects of the Group's "Blue Water and Blue Sky Project". After the completion of the project, the annual emission reduction of carbon dioxide more than 600 tons, more than 100 tons of nitrogen oxides, will provide strong support for the use of carbon dioxide and sustainable development of oilfield emissions reduction.

Hot 2:Li Keqiang reiterated the iron fist pollution control carbon dioxide emissions by 3.1%

Premier Li Keqiang set specific targets for energy conservation, emission reduction and environmental governance in 2015 on the 5th, including reducing carbon dioxide emission intensity by more than 3.1%. Li Keqiang pointed out that it is necessary to implement iron-fisted management of environmental pollution, while making energy-saving and environmental protection industries into emerging pillar industries. Among the eight major tasks of economic and social development this year, "promoting energy conservation, emission reduction, low-carbon development and ecological and environmental protection" is listed as the seventh task. Li Keqiang in the government's work report to make clear this year's environmental governance goals, including carbon dioxide emissions intensity should be reduced by more than 3.1%, chemical oxygen demand, ammonia and nitrogen emissions reduced by about 2%, sulfur dioxide, nitrogen oxides emissions should be reduced by about 3% and about 5% respectively. Li pointed out that the action plan to prevent and control air pollution should be implemented in depth, regional joint prevention and control should be carried out, the ultra-low emission transformation of coal-fired power plants should be promoted, and zero growth in coal consumption in key regions should be promoted. China agreed to stop incremental carbon dioxide emissions by 2030 or before, according to a long-term emissions reduction plan announced last year by the United States and China.

Hot 3: CEC's investment in Liuping Power Station completes the largest single CO2 emission reduction transaction in China

On March 12, the largest single transaction of China Certified Emission Reduction (CER) since the official launch of the National Voluntary Emission Reduction Trading Registration System was completed at the Beijing Environment Exchange, with a transaction volume of 378,000 tons from the Liuping Hydroelectric Project in Sichuan Province, and the two parties involved in the transaction were Shanghai Confidence Carbon Asset Management Ltd. and China Electric Power Construction Aba Hydroelectric Development Co.

The Liuping Hydropower Station invested and constructed by CEC is located in Mao County, Aba Tibetan and Qiang Autonomous Prefecture, Sichuan Province, and is the downstream of the "two reservoirs and five stages" development program of the Heishui River main stream hydropower plan, with an installed capacity of 120,000 kilowatts. The construction of the main project began on September 15, 2005, and in May 2009, all three units were put into operation, with an annual output of 520 million kWh. As a clean energy power generation project, it can save 63,900 tons of standard coal burned in thermal power generation and reduce carbon dioxide emissions by 510,000 tons per year.

In recent years, CEC has actively implemented the environmental protection concept of "clean production, green life" and endeavored to implement CDM projects. So far, the projects in operation and under construction have completed registration with the United Nations, and the accumulated trading amount has reached hundreds of millions of yuan, creating considerable economic benefits.

In 2013, the company formally started the work of domestic carbon emissions trading, that year, completed the design document preparation and on-site validation of the affiliated Liuping, Selgu and Shawan hydropower station projects. on September 26, 2014, the National Development and Reform Commission held the first meeting of the Emission Reduction Filing and Audit Committee, the affiliated Selgu, Liuping, and Shawan hydropower station projects entered into the first batch of the audit list, and successfully obtained the emission reduction filing on November 25th. The cumulative emission reductions totaled about 2.37 million tons, which means that China's CCER projects and emission reductions filing procedures are all through and put into the carbon emissions trading market.

The successful transaction of Liuping Hydropower Station marks that the domestic trading platform has been basically established, and CEC's Sergu, Shawan, Wuyiqiao, and Hongyi Hydropower Station projects will also begin to be traded domestically one after another.