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Zhenhua Oil Completes First Market-Based Carbon Allowance Transaction, Ushering in New Era of Green, Low-Carbon Development

PublishTime:2024-12-12

On December 10, Zhenhua Oil’s trading team, collaborating with Liaoning Futeng Thermal Power Co., Ltd., completed a China Carbon Emission Allowance (CEA) transaction. This achievement represents a significant breakthrough in the company’s green and low-carbon development journey, demonstrating its firm commitment and concrete actions toward advancing sustainable transformation.  

As the "14th Five-Year Plan" draws to a close, the company has been proactively exploring green and low-carbon development pathways. These efforts aim to position Zhenhua Oil at the higher end of the industrial value chain while laying the groundwork for the "15th Five-Year Plan." The successful carbon quota transaction also serves as a pioneering initiative in low-carbon management of overseas oil and gas assets.  

Going forward, Zhenhua Oil will continue to capitalize on its full-industry-chain expertise, uphold principles of innovation and cost leadership, and deliver professional, tailored low-carbon transition solutions to related industries, thereby bolstering global green development efforts.

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