EASTERN SHENGHONG(SZ:000301) 财富FORTUNE·2026-01-05 13:02Core Viewpoint - The article highlights the transformation of Chinese companies from "catching up" to "leading" in global climate governance, exemplified by Shenghong Holding Group's innovative approach to carbon capture and utilization, which turns industrial waste CO2 into sustainable materials [3][15]. Group 1: Innovation in Carbon Capture - Shenghong Holding Group has developed a "negative carbon" pathway that actively captures and utilizes CO2, positioning the company as a contributor to environmental sustainability rather than merely balancing emissions [9][19]. - The company’s carbon capture technology allows for the production of green methanol from CO2 and hydrogen, achieving a near 100% conversion rate, which indirectly reduces CO2 emissions by 55,000 tons per year, equivalent to planting 37,000 hectares of forest [13][21]. Group 2: Production Capacity and Environmental Impact - Shenghong's first phase of production is set at 30,000 tons per year, capturing nearly 10,000 tons of CO2, which is comparable to the annual CO2 absorption of 1 million trees, effectively "recreating" 15,000 acres of forest [6][19]. - The company plans to increase production capacity to 200,000 tons per year to meet customer demand and further reduce CO2 emissions [8]. Group 3: Recognition and Market Position - Shenghong's carbon capture fiber project was recognized by Fortune as one of China's best designs, emphasizing the importance of technology in addressing social vulnerabilities and sustainable development [15]. - The company has redefined the green boundaries of the chemical fiber industry, achieving a 28.4% reduction in carbon emissions compared to traditional fibers, and has received the 2024 International Textile Federation Sustainability and Innovation Award [17]. Group 4: Comprehensive ESG Practices - Shenghong's approach encompasses a full lifecycle ESG practice, from clean energy alternatives to intelligent carbon reduction and resource recycling, creating a complete ecological loop for the petrochemical industry [23]. - The company has implemented nuclear steam to replace coal steam, resulting in an annual reduction of 1.07 million tons of CO2 emissions, and is actively investing in offshore wind and solar power [23]. Group 5: Circular Economy and Consumer Engagement - Shenghong is not only focused on CO2 capture but also on recycling waste materials, producing 600,000 tons of recycled fiber annually from PET bottles and textile waste, which represents half of the global recycled fiber capacity [26][27]. - The company collaborates with global brands to promote negative carbon fibers, integrating sustainability into consumer products and demonstrating that manufacturing can be part of the solution to climate challenges [27].