- China certifies the first shipment of full life cycle carbon-neutral petroleum
- Shanghai Environment and Energy Exchange (SEEE) has issued the first carbon-neutral petroleum certificate to Sinopec, Cosco Shipping, and China Eastern Airlines
- they have taken their respective advantages to jointly develop an innovative practice of building “a new model of green transportation”
- Sinopec will officially launch the carbon-neutral gasoline and diesel products to the public at designated gas stations this year
Three state-owned Chinese entities have revealed details of the country’s first carbon-neutral crude oil shipment. Refiner Sinopec has jointly certified the landmark shipment with Cosco Shipping and China Eastern Airlines says a press release on PRNewswire.
The first shipment of Carbon-neutral Petroleum
The 30,000-tonne cargo was produced by Sinopec in Angola and shipped by Cosco Shipping to an east China-based Sinopec refinery for processing. The three companies offset the shipment by buying Chinese Certified Emissions Reductions credits, which will be spent on local carbon-reducing projects.
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