China s energy market on the chain is cooperating and symbiotic with Chinese enterprises

Mondo Education Updated on 2024-01-19

From the endless flow of cars, to the spaceships running into space, from the colorful neon lights, to the living environment that human beings have been pursuing for thousands of years, energy is inseparable from all of this. For a long time, China has been playing the role of a major energy consumer, producer and leader in the global energy market. With the rapid development of economic transformation and urbanization, China's energy consumption has increased year by year. As one of the key areas under the "dual carbon" goal, the energy industry is increasingly attracting high-quality foreign investment.

Compared with other exhibitions, the Chain Expo pays more attention to the exchange and cooperation of enterprises in the middle and downstream of the chain, and enterprises start from their own position on the chain to find the most appropriate partners in order to achieve win-win development. That's what Honeywell has been doing for a long time. Yu Feng, president of Honeywell China, said in a recent interview with a reporter from China ** Daily.

As a long-term practitioner and enabler in the field of sustainable development, about 60% of Honeywell's new product research and development focuses on improving customers' environmental performance and social benefits. The company actively responds to the requirements of the "dual carbon" goal and is committed to working with Chinese partners to jointly promote the application and promotion of sustainable solutions. For example, in the field of low-carbon smart buildings, up to now, Honeywell has escorted the wisdom and safety of more than 200 airports in China, provided products and services for more than 220 rail transit lines in more than 40 cities, provided fire protection, security and building control system guarantee for more than 600 hotels, and provided construction-related products and solutions for thousands of hospitals.

Humanity is a community with a shared future in the face of climate change. In mid-November, the United States and China issued a "Sunnyland Statement" on strengthening cooperation to address the climate crisis, emphasizing that the two sides will promote carbon capture, utilization and storage (CCUS) cooperation in industries and energy, work together to gradually reduce HFC emissions under the Kigali Amendment, and strengthen cooperation on the circular economy and resource efficiency.

Enterprises are the pioneers of innovation and practice, and foreign-funded enterprises are deeply engaged in the Chinese market, and only by developing in tandem with local enterprises and opening up the production and supply chain can they better implement new ideas and technologies. In the field of CCUS, Honeywell and Sunon Chemical, a Chinese-funded company, are committed to cooperation in the fields of carbon capture, hydrogen production technology and new environmental protection materials, and jointly promote the development and commercialization of clean coal hydrogen production and carbon dioxide capture and economic comprehensive utilization technology. As a pioneer in HFC emission reduction, Honeywell has provided environmentally friendly refrigerants based on hydrofluoroolefin (HFO) technology to car companies such as NIO and Volvo Cars in the Chinese market, driving greenhouse gas emission reductions in the automotive industry. In the field of circular economy, Honeywell has partnered with Bohai Chemical on the chemical recycling of waste plastics, and the latter plans to build a plastics factory in Tianjin, where it plans to use the Honeywell recycling process to turn mixed waste plastics into high-quality recycled polymer raw materials.

China proposes to strive to achieve a cumulative consumption of 50,000 tons of sustainable aviation fuel by 2025. At present, Honeywell has partnered with Zhejiang Jiaao Environmental Protection Technology Co., Ltd. and Sichuan Jinshang Environmental Protection Technology Co., Ltd. to build large-scale sustainable aviation fuel production bases in Lianyungang City, Jiangsu Province and Suining City, Sichuan Province, respectively. Both projects produce sustainable aviation fuel from food waste oil and animal fat. In addition, Honeywell recently cooperated with Inner Mongolia Zhongneng Biotechnology Co., Ltd. on the application of ethanol to jet fuel technology, and plans to establish a sustainable aviation fuel demonstration plant with an annual processing capacity of 100,000 tons in Wuyuan County, and Honeywell will also provide support for the airworthiness certification and market development of sustainable aviation fuel produced by the plant.

The reporter noted that during the first Chain Expo, Honeywell exhibited sustainable development technologies and application practices, including sustainable aviation fuel solutions, and the final aviation fuel can directly replace traditional fuels without changing aircraft technology or fuel infrastructure. Compared with traditional fossil fuels, sustainable aviation fuel produced with Honeywell's EcofiningTM technology can reduce greenhouse gas emissions by up to 80%, and fuel efficiency also has obvious advantages, truly achieving green and low-carbon energy from the source.

To achieve the "dual carbon" goal, the development of hydrogen energy is also one of the important paths. At the Expo, another U.S.-funded company, Air Products, showcased a one-stop solution for the entire hydrogen energy industry chain, as well as green and low-carbon technologies such as liquefied natural gas (LNG) and cold energy recycling. The company has been deeply involved in China for 36 years, actively participating in the development of China's hydrogen industry, supporting many green sports events such as the 2008 Olympic Games and the 2022 Winter Olympics.

In Shandong Province and the Yangtze River Delta region, we have jointly built commercial hydrogen refueling stations with mature business partners, and actively carried out the operation of hydrogen fuel cell trucks with several enterprises with green logistics and transportation needs such as Budweiser and JD.com. Su Junxiong, president of Air Products China, said that in the upstream hydrogen and liquid hydrogen production end, the company uses a variety of advanced, mature, safe and reliable technical solutions to produce low-carbon and zero-carbon hydrogen, and liquefies different types of hydrogen to greatly improve the efficiency of hydrogen transportation and utilization. For the Chinese market, Air Products is currently building China's first and largest commercial liquid hydrogen plant in Haiyan, Jiaxing, Zhejiang Province, which is expected to start production this year, which will fully serve the region's high-end manufacturing industries such as metal processing, fine chemicals and electronics, as well as the fast-growing hydrogen transportation market. In terms of storage and transportation, it also accelerates the local production of liquid hydrogen storage tanks at the Global Cryogenic Equipment Design and Manufacturing Center in Shanghai.

The broad market prospects have made China's clean energy industry face huge development opportunities, and also created more cooperation space for enterprises in the production and supply chain. This is conducive to business model innovation, and will also open up a broader new world for enterprises in collaborative development. Su Junxiong said.

China is committed to maintaining the resilience and stability of the global industrial chain, with pragmatic actions and consistent adherence to it. China's energy transition has created opportunities for Chinese and foreign companies to work together, and they have "chained" partners in China's vast energy market. "An open international cooperation platform is an important feature of the Expo, which gathers upstream and downstream enterprises in the hydrogen energy chain, including green power manufacturers, and partners in hydrogen energy application scenarios such as automobiles, steel, and logistics bases. We look forward to meeting more friends from upstream and downstream enterprises, enhancing exchanges and cooperation**, jointly promoting clean energy transformation, and helping to achieve high-quality development under the 'dual carbon' goal." Su Junxiong said.

*: China ** Daily.

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