Carbon Dioxide Industry Hotspots in January 2015

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Hot 1: Scotland intends to invest £ 100,000 to intervene in China's carbon capture market; Hot 2: Yantai Binglun: carbon dioxide refrigeration system to promote better; Hot 3: Jin Coal Group, the first domestic first CO2 instead of gunpowder; Hot 4: Yangzi Petrochemical successfully converted 60,000 tons of carbon dioxide into products to reduce emissions: the equivalent of 3.4 million tree planting

Hot 1: Scotland to invest £100,000 in China's carbon capture market

Scotland plans to invest £100,000 in China's emerging carbon capture and storage (CCS) sector to build long-term competitive advantage in the oil and gas supply chain. The Scottish Government and its lead economic development agency, Scottish Enterprise, have announced that they will each invest £50,000 to drive the project forward. This will help Scottish research institutions and businesses to engage in more exchanges and collaborations in this emerging area of China.

As part of its support for the UK-China (Guangdong) Carbon Capture, Utilization and Storage (CCUS) Centre, the funding will be used to establish a carbon dioxide capture pilot site at a coal power station in Hai Feng County, Guangdong Province, and to carry out pre-engineering and design studies to establish carbon dioxide capture, transportation and storage technologies for application at the new 8 GW coal power station in Guangdong Province.

Fergus Ewing, Scotland's Minister for Business, Energy and Tourism, said: "China is one of the world's largest producers and consumers of energy. In terms of its share of global atmospheric emissions, it releases more than a quarter of all carbon dioxide, and the trend is rising. As a result, China is under increasing pressure to reduce its CO2 emissions."

"Scotland is at the forefront of research into carbon capture and storage and CO2 enhanced oil recovery, and we are very much looking forward to strengthening Scotland's collaboration with China."

David Rennie, Head of Oil & Gas International at Scottish Enterprise, added: "Scottish support for China in the early stages of its carbon capture journey will allow us to capitalize on the opportunities for long-term collaboration down the line. It will also provide us with a new node in the Chinese energy sector and showcase the industrial and academic expertise we are renowned for in the oil and gas sector."

The leadership team, comprising Scottish Enterprise, the Scottish Government and the Scottish Centre for Carbon Capture and Storage (SCCS), will ensure that the Scottish funding is used in an area that will highlight Scotland's supply chain expertise in the oil and gas industry, working closely with the UK-China (Guangdong) Carbon Capture Utilization and Storage (CCS) Centre.

China has already put more than 20 carbon capture technology pilot projects and experimental projects under construction and is expected to include carbon capture applications in its next five-year plan.

Philippa Parmiter, Team Leader at CCS Scotland, said: "China is an important and rapidly growing market for carbon capture, and we expect this strong growth to gather momentum in the coming years. Our links with Guangdong province allow us to establish co-development opportunities for carbon capture projects in a region that has so much in common with Scotland."

Hot 2: Yantai Binglun:Better promotion of CO2 refrigeration system

Yantai Binglun said in its disclosed Investor Relations Activity Record Sheet that the promotion of CO2 (carbon dioxide) refrigeration system has been very good and the market response has exceeded expectations.

The record sheet is January 15, Guangfa Fund, Huaxia Fund, Everbright Securities and other institutions of the company's research, the company announced the record of the research situation.

Yantai Binglun's main business is the production and operation of large and medium-sized industrial refrigeration equipment, central air-conditioning equipment, grain storage equipment, process cooling equipment, fruit and vegetable food, aquatic products quick-frozen, cold storage and preservation equipment.

In 2014, the syngas unit of YPC successfully utilized 62,000 tons of by-product high-purity carbon dioxide from the ethylene glycol unit of the olefin plant to produce carbon monoxide products, realizing the resourceful utilization of waste, which is equivalent to planting 3.4 million trees.

Hot 3: Jincoal Group's first domestic CO2 instead of gunpowder

The reporter learned from Shanxi State-owned Assets Supervision and Administration Commission that Jincoal Group has successfully applied liquid CO2 gas-phase fracturing technology to realize coal uncovering in a return-air vertical shaft of Zhaozhuang Mine under the jurisdiction of Jincoal Group. This new technology, which can be used in place of gunpowder, not only has a high pre-cracking power and simple operation, but also improves the safety coefficient of the downhole operation. This new technology, which can replace gunpowder, is not only powerful in pre-fracturing, but also improves the safety of underground work.

The technology is to use the characteristics of CO2 liquid to gas conversion for blasting, so as to achieve the purpose of blasting the coal body. The application of this technology, not only with CO2 instead of gunpowder, in the implementation of the process of no spark exposure, greatly improving the safety coefficient in the process of uncovering coal, but also has the advantages of pre-cracking power, no need to check the gun. At the same time, it can also realize early pre-cracking of coal seams, improve the permeability and pre-pumping effect of coalbed methane, and shorten the time of gas pumping, thus achieving the purpose of safe and fast coal uncovering.

Hot 4: YPC Successfully Converts 60,000 Tons of Carbon Dioxide into Product Emission Reduction: Equivalent to Planting 3.4 Million Trees

Using natural gas as the main raw material, the syngas plant of YPC produces syngas for the acetic acid plant of YPC and BP joint venture as raw material. The plant can partially utilize carbon dioxide and convert it into the target product - carbon monoxide, which not only reduces the cost of raw material, but also gives the carbon dioxide by-produced by the ethylenedioxydicarbons plant of YPC Olefin Plant a way to utilize it as a resource. It can avoid direct venting. According to statistics, a total of 62,177.29 tons of carbon dioxide from the syngas unit of the aromatics plant were utilized as feedstock in 2014, which is equivalent to the absorption of 3,397,600 trees according to the annual absorption of 18.3 kilograms of carbon dioxide by a single tree. If the unit is operated at full capacity, more than 100,000 tons of carbon dioxide will be converted into carbon monoxide every year, which will be used for the production of acetic acid products.

In recent years, Yangzi Petrochemical has opened up a number of resources to utilize carbon dioxide pathway, has completed the test of the bio-legal method of obtaining succinic acid project, the unit product can be as high as 37% of carbon dioxide into product components, the project has completed all the tests, the project to the stale grain, plant straw, carbon dioxide as raw materials, to become the first domestic and foreign enterprises to obtain the bio-legal method of obtaining succinic acid, the 10,000-ton process The package is being prepared to provide technical support for the completion of an industrialized plant. At the same time, YPC also uses carbon dioxide to neutralize waste lye, realizing pollution control by pollution.