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Green hydrogen production capacity in a North China city will be equal to 5 percent of the European Union's target for consumption in eight years, thus illustrating the Chinese government's strong determination to realize the green energy transition, said a report released recently.
In Ordos, Inner Mongolia autonomous region, the world's first net-zero industrial park powered by the latest wind, solar and hydrogen power technologies, has been gradually taking shape, helping initiate a new industrial transition in the country and across the world.
The Qilu-Shengli Oilfield CCUS project, China's first megaton-scale carbon capture, utilization and storage project, became operational on Monday as part of the nation's overall drive to achieve its carbon neutrality goals, said its operator China Petrochemical Corp.
Boosted by an increase of oil and gas output and higher energy prices, China's two major oil companies saw their combined net profit exceed 150 billion yuan ($21.89 billion) during the first six months this year, a figure close to the net profits for the whole of last year.