Sinochem's first CCER market transaction was completed

　　On January 22, the launching ceremony of the national greenhouse gas voluntary emission reduction trading (CCER) market was held in Beijing. The representative of Sinochem, Sinochem Carbon Asset Operation Co., Ltd. (hereinafter referred to as "Carbon Asset Company"), participated in the launching ceremony and demonstrated five carbon transactions on the spot.

　　One of them is the 10,000-tonne carbon sequestration afforestation CCER transaction completed by the Carbon Assets Company in the National Greenhouse Gas Voluntary Emission Reduction Trading System, which can be used to offset 10,000 tons of greenhouse gas emissions in the production process. The completion of this transaction is also a strong testament to Sinochem's commitment to sustainable development and climate change.

　　In order to promote the work of carbon peak and carbon neutrality, in 2022, Sinochem established a leading group for carbon peak and carbon neutrality to lead the company to take the road of green and low-carbon development and effectively promote the work of carbon peak and carbon neutrality. At present, carbon asset companies are active in many carbon markets across the country, and the cumulative carbon asset trading service volume has exceeded 5 million tons.

　　On behalf of Sinochem, the carbon asset company was awarded the "Certificate of Excellent Service and Management Practice in the First Compliance Cycle of the National Carbon Market" and the "2022 Excellent Market Service and Management Practice Enterprise of the National Carbon Market".

　　Sinochem has achieved 100% compliance ahead of schedule for its key emitting entities in the national carbon market for two consecutive compliance cycles, and has also participated in the "Special Study on the National Carbon Emission Trading Market" of the Ministry of Ecology and Environment for the petrochemical and chemical industries as a key participant. In December 2023, Sinochem, as one of the important initial participants of the Fudan Carbon Price Index, won the "Fudan Carbon Price Index Contribution Award". The index is the first carbon price index in China, which provides a starting point for striving for international carbon pricing power and China's international climate investment and financing.

　　In the future, Sinochem will further strengthen the management of carbon assets, strengthen the quality management of carbon emission data, and actively pay attention to and deploy the reserve, promotion and application of advanced carbon reduction technologies such as carbon capture, utilization and storage (CCUS), so as to contribute more Sinochem strength to the prosperity and sustainable development of China's carbon market.