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China Petroleum & Chemical Corporation (hereinafter referred to as Sinopec) successfully issued a "green bond"-equity-funded carbon neutral bond for the first time on the 2nd.
The "green bond" fundraising projects include more than 70 new energy projects such as photovoltaic power generation, wind power generation, and geothermal heating that Sinopec deployed across the country in the early stage, which can reduce carbon dioxide emissions by 362,800 tons per year and save 156,200 tons of standard coal.
The person in charge of Sinopec said that the company will increase the pace of natural gas and electricity substitution, vigorously develop green hydrogen refining, and continuously increase the low-carbon ratio of raw materials; cultivate and develop a circular economy, reduce product life cycle carbon footprint; actively participate in global methane emission reduction Action, by 2025, reduce methane emission intensity by 50%, build megaton-level CCUS demonstration projects, and develop carbon-neutral forests, carbon-neutral gas stations and other distinctive carbon-neutral models.
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