绿色燃料：能源局召开绿色燃料会议，关注绿醇、制氢、风电板块催化（3.3） 3月3日，国家能源局组织召开绿色燃料产业发展专题座谈会，国家能源局党组书记、局长王宏志出席会议并讲 话，党组成员、副局长宋宏坤主持会议。 时值两会、十五五规划落地前期，能源局召开会议预示着在十五五期间绿色燃料产业有望获得跟高的政策关注 度。 此外，近期伊朗事件导致原油、天然气 绿色燃料：能源局召开绿色燃料会议，关注绿醇、制氢、风电板块催化（3.3） 时值两会、十五五规划落地前期，能源局召开会议预示着在十五五期间绿色燃料产业有望获得跟高的政策关注 度。 特别是绿色甲醇，在欧洲航运减碳的需求下，国内金风科技等公司已经开始建设大批绿色甲醇生产基地。 而新能源制氢以来的风光发电、电解槽都是我国制造业最具优势的产业。 我们认为，若十五五绿色燃料产业政策强化，那么新能源-制氢-制氨醇产业链将率先获得爆发。 从目前国制氢电解槽负载连续性特征上看，新能源发电需要依靠风电为主才能够实现成本最优，也有望带动风电 装机需求。 3月3日，国家能源局组织召开绿色燃料产业发展专题座谈会，国家能源局党组书记、局长王宏志出席会议并讲 话，党组成员、副局长宋宏坤主持会议 ...

1、石油天然气：伊拉克开始关闭鲁迈拉油田(RUMAILA)的石油产出，因为储油设施已满。 伊拉克将西库尔纳2号油田的原油产量削减45万桶/日。 昨夜发酵消息精选。 法国航运集团达飞海运：即日起暂停巴林、科威特、卡塔尔港口的订舱服务。 晚间，欧洲天然气价格涨幅进一步扩大至40%，两日涨幅超100%。 概念股：洲际油气、石化油服 昨夜发酵消息精选。 1、石油天然气：伊拉克开始关闭鲁迈拉油田(RUMAILA)的石油产出，因为储油设施已满。 伊拉克将西库尔纳2号油田的原油产量削减45万桶/日。 法国航运集团达飞海运：即日起暂停巴林、科威特、卡塔尔港口的订舱服务。 晚间，欧洲天然气价格涨幅进一步扩大至40%，两日涨幅超100%。 概念股：洲际油气、石化油服、通源石油、中曼石油、淮油股份、科力股份、海油工程、海油发展、新天然气、 *ST新潮、蓝焰控股、中海油服、贝肯能源、中国海油、博迈科、潜能恒信、首华燃气、惠博普、中油工程、广汇 能源、水发燃气、凯添燃气、天壕能源、洪通燃气、皖天然气、长春燃气等 2、航运港口：3月3日，由于中东冲突，油轮运费飙升至创纪录水平，基准油轮日收益达到42.4万美元。 概念股：招商轮船、招商南 ...

智通财经APP获悉，中信证券发布研报称，近日，国家能源局组织召开绿色燃料产业发展专题座谈会。 会议指出了绿色燃料保障能源安全、降低碳排放、促进新能源非电利用与消纳的三大战略目标。同时对 产业发展提出五项要求推动行业健康发展，强调要系统谋划、试点先行、创新引领、优化环境，并坚持 需求引领。中信证券认为，此次座谈会标志绿色燃料产业将逐步由分散的地方探索和企业自发行为，转 向进入由国家层面进行顶层设计和系统性推进的轨道，产业规模化发展可期。建议关注绿氢氨醇等绿色 燃料项目投资运营商。 中信证券主要观点如下： 从能源安全维度看，根据《2025年国内外油气资源形势分析及展望》（王彧嫣，郑志红，韩志强， 2026），2025年我国原油外采度72.7%，天然气外采度为39.7%，而海外油气价格对地缘风险高度敏 感，本轮中东冲突以来油气价格均大幅上涨，凸显出我国能源安全隐患。而绿色燃料的规模化相当于为 工业和交通体系增加"非油气定价"的安全冗余，从根本上降低能源对外依存度，是我国实现能源安全的 重要保障。 从双碳维度看，随着电力侧清洁化持续推进，航空、远洋航运、高温工业过程以及化工合成等"用电无 法直接替代"的终端燃料和原料 ...

[Table_StockName电Rpt力Typ设e] 备 行业周报 人形机器人惊艳亮相春晚，储能电芯集采涨价 行业评级： 增持 分析师：张志邦 执业证书号：S0010523120004 电话：15652947918 邮箱：zhangzhibang@hazq.com 执业证书号：S0010524050002 邮箱：liuqianlin@hazq.com 分析师：郑洋 执业证书号：S0010524110003 邮箱：zhengyang@hazq.com 执业证书号：S0010125040047 邮箱：caijinyang@hazq.com 求支撑明显 2026-01-22 2.北美缺电逻辑演绎，储能成为核心 解法 2026-01-22 东大储需求高增 2026-01-17 主要观点： 报告日期： 2026-02-27 储能：储能电芯集采价格上涨，阳光电源欧洲工厂落地 公司价格与沪深 300 走势比较 容量电价政策落地，储能后续需求支撑明显。碳酸锂价格上涨对储能 IRR 影 响较小。全球大储招标数据持续火热，国内储能反内卷推动储能高质量发展， 美国数据中心用电激增带动大储需求，欧洲户储需求温和复苏，大储成为主 要 ...

证券代码：000035 证券简称：中国天楹 中国天楹股份有限公司投资者关系活动记录表 编号：2026-002 | | 特定对象调研 媒体采访 | 分析师会议 业绩说明会 | | --- | --- | --- | | 投资者关系活动 | | | | 类别 | 新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他 | （请文字说明其他活动内容） | | | 2026 年 02 月 25 日 | | | | 平安资管 | | | | 鹏华基金 | | | | 平安基金 | | | | 东方证券 | | | | 国金证券 | | | | 天风证券 | | | | 安信基金 | | | | 德邦基金 | | | | 华泰保兴 | | | | 汇丰晋信 | | | 参与单位名称 | 云富投资 | | | | 上海银叶 | | | | 上海利幄私募 | | | | 上海复霈 | | | | 金库骐楷 | | | | 上海下半场投资 | | | | 2026 年 02 月 26 日 | | | | 西部证券 | | | | 瀛赐基金 | | | | 宁波宝隽 | | | | 上海晟盟 | | ...

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 2026势银液氢产业大会（2026年4月15日，无锡） 点此报名 02 2025势银（银川）长时储能产业大会 2025年7月14-15日， 在 银川市兴庆区政府、 银川市科学技术协会、 苏银产业园 管理委员会 指导下 ， 势银（TrendBank） 与 上海电气储能科 技有限公司 联合 举办的 【2025势银（银川）长时储能产业大会】 ， 在银川立达深杭国际酒店隆重举行。 添加文末微信，加 绿氢 群 势银(TrendBank)是中国领先的产业研究与数据公司，以数据和研究为中心，提供数据、研究、咨询、会议等服务。为客户提供决策依据，并 提供相关业务发展资源。 2025 年以来，势银（TrendBank）旗下媒体平台-- 势银能链 通过线上/线下宣传，帮助客户" 聚资源"。线上宣传与行业同仁共享业内最 新消息；线下会议加强业内同仁的交流探讨，推动行业痛难点的解决，共同助力显示产业向前发展。 势银能链对 2025年势银氢能行业线下 精彩会议 进行汇总，与各位行业同仁共同回顾。 01 2025势银绿色液体燃料产业大会暨绿氨、绿醇及绿色 ...

Core Viewpoint - The chemical industry is gaining attention as a significant investment opportunity alongside AI, chips, and new consumption sectors, particularly due to the increasing crowding in these other sectors since 2025 [1][21]. Group 1: Chemical Industry Cycle - The chemical industry typically follows a "5-year cycle," characterized by phases of profit growth, capacity expansion, profit bottoming, and capacity clearance or demand improvement [2][22]. - Current conditions indicate a "dawn" phase for the chemical industry, coinciding with a reduction in capital expenditure growth, anti-involution trends, overseas interest rate cuts, and domestic demand expansion [2][22]. - Key focus areas for 2026 include anti-involution, capacity reduction, and identifying demand certainty, with specific industries like PTA, polyester filament, organic silicon, and caprolactam leading the way [4][24]. Group 2: Growth Opportunities - Four growth areas within the chemical sector show clear potential: 1. Lubricant additives, benefiting from overseas client breakthroughs and global substitution trends [7][27]. 2. Biomanufacturing, driven by AI-enabled synthetic biology and promising new materials like PDO [7][27]. 3. Green fuels, spurred by urgent international emission reduction needs, creating markets for SAF and green alcohol [7][27]. 4. Solid-state batteries, nearing industrialization with advancements in sulfide and other battery materials [7][27]. Group 3: AI Materials - The explosive growth of the AI industry highlights four chemical material areas worth monitoring: 1. Chromium chemicals, with strong demand from two major sectors and ongoing supply constraints [10][30]. 2. Liquid cooling, driven by high computing density and the exit of 3M from the PFAS market, indicating a growing demand for cooling liquids [10][30]. 3. PCB materials, with a clear trend towards high-frequency and high-speed applications [10][30]. 4. Energy storage, with data center requirements boosting overseas storage demand and exceeding expectations for mobile storage, marking a turning point for the lithium battery supply chain [10][30]. Group 4: ETF Investment Opportunities - There are currently six ETFs tracking the chemical sector, reflecting the overall performance of major chemical companies in the Shanghai and Shenzhen markets [11][31]. - The Hua Bao Fund's chemical ETF (516020) has seen a remarkable growth rate of 832.84% in the past year [13][33]. - Analyst forecasts for 2025E and 2026E indicate a significant improvement in net profits for the ETF's weighted stocks compared to 2024, confirming a turning point in industry prosperity [18][38].

Group 1: Policy Evolution - The International Maritime Organization (IMO) postponed the vote on the net-zero framework, impacting the industry's expectations for unified emission reduction rules[9] - The EU's shipping emission reduction policy is set to be implemented, requiring ships over 5,000 gross tons to monitor and report greenhouse gas emissions starting January 1, 2024[16] - China has introduced a series of new policies to promote energy transition and green shipping, aiming for over 50% market share of LNG and methanol-powered vessels by 2025[20] Group 2: Progress in Emission Reduction - Orders for new energy and clean energy vessels have rapidly increased, with 51.6% of current orders by total tonnage being for such vessels[28] - LNG fuel ships dominate the new energy vessel market, with 1,000 LNG fuel ships on order as of October 2025, accounting for 73% and 69% of new orders in 2024 and 2025 respectively[28] - The application of energy efficiency measures is widespread, with nearly 50% of vessels using technologies like propeller ducting and speed reduction[41] Group 3: Challenges in Green Transition - The uncertainty of market mechanisms and economic incentives is a significant barrier, with the IMO's net-zero framework still unresolved, affecting investment confidence[48] - The high cost of green fuels presents a major challenge, with green methanol prices reaching $1,300 to $1,600 per ton, significantly higher than fossil fuels[51] - Emerging technologies pose new risks, as LNG, methanol, and ammonia fuels introduce complexities in safety and operational protocols[52]

Group 1 - The Sichuan Province has issued an action plan to establish a comprehensive green manufacturing system, emphasizing the steady advancement of hydrogen energy industrialization and the exploration of integrated technologies for green hydrogen, ammonia, and alcohol [1] - The plan includes the construction of pilot projects for hydrogen-based direct reduction of vanadium-titanium magnetite and hydrogen-rich smelting in high furnaces, as well as hydrogen roasting in cement production [1] - The initiative aims to couple renewable energy with hydrogen development in suitable regions, facilitating local hydrogen and oxygen production from water, wind, and solar energy [1] Group 2 - Guojin Securities notes that the hydrogen energy industry is still in its early commercialization stage, primarily driven by policy support, and suggests seizing the opportunity for investment [2] - The report highlights the global demand for green methanol, particularly in green shipping, driven by EU carbon taxes and IMO policies, indicating a clear trend towards green transformation in the shipping industry [2] - The development of hydrogen production equipment is seen as having significant long-term potential due to policy drivers and visible economic benefits, with the green hydrogen economy gradually becoming more viable [2] Group 3 - Industrial research from Xingye Securities indicates that the hydrogen energy sector is at a critical commercialization juncture, with downstream consumption scenarios being crucial [3] - The hydrogen industry chain encompasses production, storage, transportation, and application, forming a multidimensional energy ecosystem [3] - The report emphasizes that green hydrogen production relies entirely on renewable energy sources, ensuring a carbon-free process with water as the only byproduct, thus achieving a clean and low-carbon lifecycle [3]

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the environmental and public utility sector [7] Core Insights - The report highlights significant price increases for second and third-generation biodiesel (HVO and SAF) in 2025, with HVO reaching a peak of $2853.38 per ton and SAF at $2900.95 per ton, reflecting increases of 69.2% and 69.1% from their lowest points respectively [1][17] - The demand for SAF is driven by the EU's ReFuelEU Aviation Regulation, which mandates a gradual increase in SAF content in aviation fuel, leading to an estimated demand increase of approximately 1.4 million tons in 2025 [1][19] - The report emphasizes the scarcity of used cooking oil (UCO) as a raw material for HVO and SAF, suggesting that companies with waste oil resources and production capacity should be closely monitored [3][39] Summary by Sections 1. Special Research - The report discusses the upward trend in biodiesel prices due to downstream demand, particularly for SAF and HVO, with significant price increases observed in 2025 [1][17] - It notes that multiple countries are implementing policies to increase biodiesel blending ratios, with global biodiesel consumption expected to exceed 75.77 million tons by 2030 [2][25] - UCO is identified as a critical raw material with limited supply, highlighting the need to focus on companies that can efficiently utilize waste oil resources [3][39] 2. Market Review - The report provides a market performance overview, indicating that the Shanghai Composite Index rose by 4.06% from December 26 to January 9, with various sector performances detailed [4][42] 3. Industry Dynamics - The report outlines recent legislative progress in the EU regarding renewable energy, particularly the RED III directive, which aims to increase the share of renewable energy in the EU's energy consumption to 42.5% by 2030 [19][20] - It highlights the growing demand for advanced biofuels and the expected increase in biodiesel consumption in developing countries, which may take over as the main growth area for biofuels [2][23] 4. Investment Portfolio and Recommendations - The report suggests focusing on companies with strong capabilities in waste oil production and technology, such as Shanhigh Environmental, Longkun Technology, and Zhuoyue New Energy, due to the anticipated growth in SAF and HVO demand [3][39]