August 15, 2024, marks the second National Ecological Day, the theme of which is "Accelerating the Comprehensive Green Transformation of Economic and Social Development." Promoting green and low-carbon economic and social development is a critical link in achieving high-quality development, a fundamental strategy for addressing China's resource, environmental, and ecological issues, and an inherent requirement for humans and nature coexist in harmony. The "Opinions of the CPC Central Committee and the State Council on Accelerating the Comprehensive Green Transformation of Economic and Social Development" call for the complete, accurate, and comprehensive implementation of the new development concept, accelerating the formation of a new development paradigm, improving green and low-carbon development mechanisms, accelerating the comprehensive green transformation of economic and social development, comprehensively promoting the construction of a beautiful China, and accelerating the modernization of harmonious coexistence between humans and nature.
As a leading domestic light hydrocarbon enterprise, Satellite Chemical unwaveringly pursues a path of ecological priority, conservation and intensification, green and low-carbon high-quality development. Relying on its integrated light hydrocarbon industry chain, it has constructed a "4R" green and low-carbon industrial model that covers the entire process of the industrial chain, earning it the titles of "National Green Factory" and "National Green Supply Chain Management Enterprise" from the Ministry of Industry and Information Technology.
Unraveling the Secrets of Green Transformation: Carbon's Journey
Satellite Chemical spearheads the shift to light olefin feedstocks like ethane & propane, curbing carbon emissions. Ethane cracking emits just 1/10th the CO2 of coal-to-olefin for each ton of ethylene. It also harnesses these feedstocks' hydrogen to develop a low-carbon hydrogen industry, emitting 5% & 2.6% of NG-to-H2 & coal-to-H2 processes' emissions, respectively. Targeting 400,000 tons/year of hydrogen, Satellite aims to be East China's top "green hydrogen" supplier. It leads in integrating hydrogen's full value chain, pioneering demo projects like hydrogen buses & storage in its parks, fueling green & low-carbon transformation.
Achieving Effective Carbon Reduction through Resource Circulation
Satellite Chemical drives resource circulation for effective carbon reduction, pioneering a "zero-carbon" new energy-materials chain. With CCUS (what is this stand for?), we capture & recycle CO2 into carbonate esters for batteries, nearing 100% conversion. Fully operational, our plants will recycle about 400,000 tons CO2/year, equivalent to 40,000 hectares of forest. Leveraging hydrogen, we're developing chemicals with HPPO, reducing carbon by up to 3.7million tons/year, and it's the only green export-approved process.
Streamlining Energy Efficiency and Consumption Reduction
Satellite Chemical's Lianyungang Petrochemical topped the 2023 Energy Efficiency Leaders list in ethylene and ethylene glycol, with unit energy consumption approximately 60% of the national benchmark. This achievement stems from ethane cracking's efficiency and Satellite Chemical's relentless pursuit of energy savings, carbon reduction, pollution mitigation, and efficiency gains. With robust energy management and continuous process optimization, ethylene production unit energy consumption decreased by 10% in 2022 compared to 2021, widening the lead over benchmarks.
Ecological civilization construction is a fundamental strategy essential to the sustainable development of the Chinese nation, a significant political issue tied to the mission and purpose of the CPC, and a crucial matter concerning the well-being of the people. Guided by the goals of carbon peaking and neutrality, Satellite Chemical must persist in pursuing green-driven, high-quality development, accelerate the comprehensive green transformation of economic and social development, foster harmony between humans and nature, and make new and greater contributions to advancing the great cause of building a strong and prosperous China through Chinese-style modernization and realizing national rejuvenation.
