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China's Carbon Neutrality & Emission Peak
The boom of chemical products
    

Emission Peak Action Plan by 2030

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On October 26, the State Council of China issued the "Emission Peak Action Plan by 2030".

The plan puts forward the main targets for the proportion of non-fossil energy consumption, the improvement of energy utilization efficiency, and the reduction of carbon dioxide emission intensity. By 2030, the proportion of new energy and clean energy-powered vehicles will reach about 40% that year, carbon dioxide emissions per unit of GDP will drop by more than 65% from 2005, and the proportion of non-fossil energy consumption will reach about 25%. By 2060,the goal of carbon neutrality was successfully achieved.

In order to promote the achievement of emission peak and carbon neutral goals, China will successively release key areas and industries emission peak implementation plans and a series of support and safeguard measures to build a emission peak and carbon neutral "1+N" policy system. China will continue to promote the adjustment of industrial structure and energy structure, vigorously develop renewable energy, and accelerate the planning and construction of large-scale wind power photovoltaic base projects in deserts, Gobi and desert areas.

China will continue to promote the adjustment of industrial structure and energy structure, vigorously develop renewable energy

"Dual Carbon" goal and requirements

Opportunities and challenges for the chemical industry

Prices of chemicals related to the new energy sector

  • Prices of chemicals - New energy

  • Photovoltaic boom is extremely high

  • Wind power industry continues to be hot

  • Enterprises have laid out this market

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Prices of new energy chemicals rose

Demand of photovoltaic boom is extremely high

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  • BASF

  • Wanhua Chemical

  • LB Group

  • Shenghong Group

  • Sinopec

  • Lee & Man Chemical

Chemical Industry

The long-term impact of carbon neutral policies

  • Chemical Company Level

  • Chemical Company Level

  • Chemical Company Level

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    Tightening on the supply side gives product prices greater flexibility
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    Long-term development of carbon capture and storage carbon utilization technology ("CCUS")
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    Diversification and complexity of the product industry chain
    MORE
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