China Certifies First Shipment of Full Life Cycle Carbon-neutral Petroleum
Sinopec, Cosco Shipping and China Eastern Airlines have taken their respective advantages to jointly develop an innovative practice of building "a new model of green transportation," exploring a cross-industry, full-cycle and zero-emission path – a milestone significance as
The crude oil of this carbon neutral petroleum project was produced from
Sinopec will officially launch the carbon-neutral gasoline and diesel products to the public at designated gas stations this year. In the meantime, Sinopec will be supplying 5,417 tons of jet fuel to China Eastern Airlines to build carbon-neutral flights as a joint effort.
To offset the carbon emissions produced throughout the life cycle of the shipment of oil, Sinopec, Cosco Shipping and China Eastern Airlines actively implemented energy saving and emission reduction strategies, purchased Chinese Certified Emission Reduction (CCER) carbon credits, and hired SEEE as the carbon neutral certification authority.
The project invited
The three companies have played their respective advantages to reach a common goal. Sinopec took on the responsibility of offsetting the carbon emissions produced from exploitation, storage, processing, transportation of petroleum products, motor gasoline and diesel and LPG combustion; Cosco Shipping undertook the carbon emissions offset responsibility of crude oil transportation and marine fuel combustion; and China Eastern Airlines took on the responsibility of offsetting carbon emissions from aviation kerosene combustion.
"Sinopec is committed to achieve green and low-carbon development. This carbon neutral petroleum project has achieved carbon neutrality from the 'cradle' to the 'grave' with every drop of oil. It is also the first carbon emissions offset endeavor carried out by companies across three industries, realizing full coverage of carbon neutralization of land, sea and air transportation. The project is of positive effect, and we will thrive to provide safer, cleaner and diversified energy while meeting the target requirements of reaching carbon peak and achieving carbon neutrality," said Ling Yiqun, Vice President of
The petroleum sector has a long process chain with complicated technological processes and difficulties in calculating the carbon emissions. Faced with the new standards of carbon peak and carbon neutrality and to be in line with the general trend of energy transition, the oil and gas industry must find a new development direction that is green, sustainable and reduces carbon and emissions.
Sinopec collaborated with Cosco Shipping and China Eastern Airlines to carry out
For more information, please visit Sinopec.
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