China's First Carbon-neutral Oil Cargo Certified

Chen Aizhu
Wednesday, September 22, 2021

China's refining giant Sinopec Corp said on Wednesday it has jointly certified the country's first carbon-neutral crude oil cargo with shipping giant Cosco Shipping and China Eastern Airlines.

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, Sinopec said.

To offset the carbon dioxide produced during the process from crude production to shipping to consumption by vehicles and airplanes, the three state firms bought Chinese Certified Emissions Reductions credits.

These credits will go to investing in carbon-reducing projects such as tree planting, solar, wind and biomass power generation in China.

(Reporting by Chen Aizhu, Editing by Louise Heavens)

Categories: Emissions Oil Tankers Greenhouse Gas Emissions

Related Stories

CRC Evans Secures Work at Qatar’s Largest Offshore Oil Field

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Fugro Names Annabelle Vos Director for Middle East & India

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

Eni Strengthens LNG Ties with Japan

Velesto Teams Up with SLB to Enhance Drilling Rig Capabilities

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

CNOOC Starts Production from Deepwater Gas Project in South China Sea

Current News

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com