中央纪委国家监委网站 初英杰 中国大唐多伦15万千瓦风光储制氢一体化示范项目制氢电站内的氢气缓冲罐。受访单位供图 风力发电机组的叶片悠悠转动，光伏板在阳光下熠熠生辉。在内蒙古自治区锡林郭勒盟多伦县，广袤的大草 原上有着无限"风光"。我国首个绿氢耦合煤化工示范项目——中国大唐多伦15万千瓦风光储制氢一体化示范 项目就坐落在这里。 中国大唐多伦15万千瓦风光储制氢一体化示范项目的风力发电机组和光伏板。受访单位供图 依托内蒙古得天独厚的风光资源，该项目运用"绿电制绿氢"技术，将新能源与传统煤化工紧密相连，形成了 可复制推广的氢能产业集聚发展样板，成功入选国家能源局能源领域氢能试点（第一批）名单。 2025年11月19日，大唐米家营制氢风光储电站外景。受访单位供图 制氢电站车间内景。受访单位供图 2025年9月10日，制氢电站职工在巡检设备。 受访单位供图 制氢端是指大唐米家营制氢电站，共建有13台碱性电解液制氢设备即电解槽，其中有一台制氢规模为每小时 2000标方（气体流量计量单位），是我国风光制氢行业首台（套）大容量电解槽。在这里，由绿电所制的绿 氢可实现"隔墙供氢"，经管道直接送往附近的煤化工生产线，在那里替代 ...

新征程的号角，总是在重要时刻吹响。 11月28日至29日，省委十四届十次全会在南京举行。这场承前启后的重要会议，审议通过了《中共 江苏省委关于制定江苏省国民经济和社会发展第十五个五年规划的建议》，为江苏未来五年发展指明了 方向、注入了强劲动力。 从城市到乡村，从机关到基层，从企业到校园……全会精神如战鼓催征，迅速传遍江苏大地，在全 省广大干部群众中引发强烈共鸣、汇聚奋进力量。大家一致表示，将牢记嘱托、感恩奋进，切实把思想 和行动统一到全会部署上来，坚定扛起走在前、做示范的责任担当，奋力谱写"强富美高"新江苏现代化 建设新篇章。 牢记嘱托、勇担使命 越是壮阔的征程，越需要领航的力量。 回望不凡历程，我们深切体会到，成就的取得，根本在于以习近平同志为核心的党中央领航掌舵； 展望"十五五"，我们无比坚信，只要坚定不移地沿着习近平总书记指引的方向奋勇前进，就一定能够赢 得崭新的未来。 "《建议》提出统筹发展和安全，建设更高水平的平安江苏，这为我们在'十五五'时期推进应急管 理体系和能力现代化指明了方向、提供了遵循。"省应急管理厅党委书记、厅长任栋表示，全省应急管 理系统将迅速把思想和行动凝聚到全会决策部署上来，以实干 ...

Core Insights - The "First Future Chemical Frontier Forum (2025 3FCE)" held in Shanghai marks a significant advancement in the construction of a green energy system, supported by various institutions including East China University of Science and Technology and Shanghai Fuke Technology Co., Ltd [1] - The establishment of the "Shanghai Green Fuel Innovation Port International Think Tank" aims to provide strategic consulting and clarify industrial development paths for building a world-class green fuel hub in Shanghai [1] - The release of the "Biogas All-Carbon Directional Conversion to Green Methanol (BESTm) Disruptive Technology" is a key component of Shanghai's 2025 strategic initiative on green fuels, highlighting the potential of green methanol as a marine fuel alternative [2][4] Company Developments - Fuke Technology has shifted its strategic focus from traditional advanced environmental equipment manufacturing to core technologies for energy conservation and carbon reduction, emphasizing three main industry lines: resource utilization of wastewater and sludge, comprehensive carbon reduction services, and green clean energy [4] - The BESTm technology aims to enhance local biogas resource supply and high-value utilization, integrating anaerobic fermentation, biogas purification, gas reforming, and green methanol synthesis into a cohesive process [4] - The company is positioned to leverage recent national policies promoting green hydrogen, ammonia, and methanol, which are critical for the large-scale application of renewable energy [5] Industry Trends - The global shipping and aviation sectors are increasingly focused on emission reduction, with green methanol gaining attention as a viable alternative fuel [2][6] - Shanghai has initiated the construction of a "Green Shipping Corridor" to create a low-carbon logistics chain, aiming to establish a complete industrial ecosystem for green fuel production, storage, and shipping applications [5][6] - By 2030, Shanghai aims to achieve a "dual hundred" target for liquefied natural gas and green methanol fueling capabilities, positioning itself as a leading green fuel service center globally [6]

Group 1: Company Achievements and Certifications - The company’s Wei Ran protein has officially passed the National Health Commission's administrative approval, obtaining new food raw material certification, which serves as a significant milestone in its development [2][3] - The certification allows Wei Ran protein to enter the Chinese food market, establishing a "dual certification" global market framework, enhancing international competitiveness and risk resistance [3] - Wei Ran protein features a nutritional profile of "high protein, high dietary fiber, low fat, and zero cholesterol," meeting modern consumer demands for healthy diets [3] Group 2: Market and Industry Impact - The successful certification provides a replicable model for the approval and commercialization of the fungal protein industry in China, boosting industry confidence and attracting more capital and talent [3] - The development of Wei Ran protein aligns with national strategies for protein supply security and reducing reliance on imported soybeans, contributing to environmental sustainability [4] Group 3: Future Capacity and Business Strategy - The company plans to leverage its technological advantages and circular economy model to maintain industry leadership and expand both domestic and international markets [5] - Future capacity releases will focus on optimizing production processes and raw material costs, enhancing competitive advantages [5] Group 4: Business Performance and Growth Projections - The pharmaceutical manufacturing segment is expected to benefit from a 41% decrease in the price of 6-APA, alongside growing market demand for downstream products [6] - The lithium battery additive business is experiencing rapid price increases due to rising demand from energy storage and power battery sectors [7] - The company’s synthetic biology business has received approval for Wei Ran protein as a new food raw material, facilitating its commercialization and global market entry [7] Group 5: Risk Management and Investor Relations - All information disclosed by the company is based on official announcements, urging investors to make rational investment decisions and be aware of risks [8]

国开行发行 90 亿元绿色金融债券，欧盟将发布《工业脱碳加速器法案》立法 提案 [Table_Industry] ESG 周报 [Table_R 2025 年 1eportDate] 1 月 30 日 证券研究报告 行业研究 [Table_ReportType] 行业周报 | [Table_StockAndRank] ESG | | | --- | --- | | 投资评级 | —— | | 上次评级 | —— | 郭雪 环保公用联席首席分析师 执业编号：S1500525030002 邮 箱：guoxue @cindasc.com 吴柏莹 环保行业分析师 执业编号：S1500524100001 邮 箱：wuboying@cindasc.com 本期内容提要: [Table_S [Table_Summary 热点聚焦 ummary]：] 国内：国开行发行 90 亿元绿色金融债券，重点支持基础设施绿色升级。国 家开发银行日前在上海清算所成功发行 90 亿元 3 年期绿色金融债券，发行 利率为 1.52%，认购倍数 2.46 倍。截至 11 月 28 日，国开行已累计发行绿 色金融债券 2295 亿元。本次发行严格 ...

Core Viewpoint - The recent focus on the import of recycled paper pulp has led to coordinated efforts by various government departments to enhance regulatory standards and oversight, aiming to mitigate environmental risks and promote sustainable development in the paper industry [1][2]. Regulatory Developments - On October 9, the General Administration of Customs issued a notice regarding the declaration requirements for imported recycled paper pulp [1]. - On October 17, six departments jointly released guidelines to standardize the supervision of imported recycled paper pulp [1]. - The national standard revision plan for recycled paper pulp was approved on October 31, with the National Technical Committee for Paper Industry Standards responsible for the revision [1]. - A seminar on the national standard revision was held on November 14 to discuss the proposed changes [1]. Industry Challenges - The current national standards for imported recycled paper pulp are deemed inadequate, raising concerns about the risk of "foreign waste" entering the country [1][2]. - Since 2021, there have been multiple instances of customs discovering suspected solid waste being imported under the guise of recycled paper pulp [2]. Expert Insights - Experts highlighted the limitations of the dry processing method for recycled paper pulp, which fails to adequately remove contaminants and poses safety hazards [3]. - The absence of microbial testing standards in current regulations allows substandard materials to enter the market, complicating customs oversight [3]. Proposed Standards and Recommendations - The "Beijing Consensus" calls for strict enforcement of hard standards for imported recycled paper pulp, including limits on contamination and the prohibition of hazardous materials [4]. - Recommendations include specifying production methods (dry or wet) in the national standards and enhancing strength requirements to improve quality control [4]. - The consensus emphasizes the need for increased regulatory oversight and the establishment of a robust regulatory framework to protect ecological safety [4]. Industry Responsibility and Future Directions - The paper industry is urged to align with national "dual carbon" strategies and invest in green technology innovation [5]. - Companies are encouraged to adopt responsible practices, comply with laws and standards, and eliminate outdated and unsafe processing methods [5]. - The recent regulatory changes signal a strong governmental commitment to reinforcing ecological safety and promoting high-quality development in the paper industry [5].

Core Viewpoint - Experts are calling for stricter regulations on the import of recycled paper pulp to prevent environmental risks and promote a green, safe, and high-quality development of the paper industry [1][4]. Group 1: Regulatory Developments - A national standard revision plan for recycled paper pulp was approved on October 31, with the Paper Industry Standardization Technical Committee responsible for organizing the revision [2]. - The General Administration of Customs issued a notice on October 9 regarding the declaration requirements for imported recycled paper pulp, followed by a joint announcement from six departments on October 17 to standardize supervision [1][2]. Group 2: Environmental Concerns - The dry processing method for recycled paper pulp has been criticized for its limited purification capabilities, leading to potential contamination and safety hazards [3]. - Since 2021, there have been multiple cases of solid waste being imported under the guise of recycled paper pulp, raising significant environmental concerns [2][3]. Group 3: Industry Standards and Recommendations - The current national standard for recycled paper pulp lacks mandatory constraints and does not adequately address biosecurity and bacterial content for imported products [3][4]. - The "Beijing Consensus" recommends strict enforcement of hard standards for imported recycled paper pulp, including limits on contamination and the requirement to specify production methods [4][6]. Group 4: Future Outlook - In 2024, China's total import of recycled paper pulp is projected to be approximately 4.14 million tons, with dry processed pulp accounting for about 3.8% of domestic pulp supply [6]. - Experts anticipate that domestic pulp production capacity will exceed 3.5 million tons by 2026-2027, reducing reliance on imports [6].

Core Viewpoint - The paper industry is urged to integrate into the national "dual carbon" strategy and accelerate green technology innovation and application, while addressing issues related to the import of recycled paper pulp, including incomplete national standards and environmental risks [1][5]. Regulatory Developments - Recent discussions have focused on enhancing the supervision and standardization of imported recycled paper pulp, with multiple government departments collaborating to issue new regulations and standards [2][3]. - The announcement from the General Administration of Customs on October 9 and subsequent joint announcements from six departments aim to regulate the import of recycled paper pulp more effectively [2]. Environmental Concerns - There have been instances of domestic paper companies misusing the label of recycled paper pulp to import solid waste, raising significant environmental concerns [3]. - Experts have highlighted the inadequacies of the dry processing method for recycled paper pulp, which fails to adequately remove contaminants and poses safety risks [4]. Standardization Issues - The current national standard for recycled paper pulp (GB/T43393-2023) is criticized for lacking mandatory constraints and not adequately addressing biosecurity and bacterial content for imported products [4][5]. - The absence of microbial testing indicators in the existing standards allows low-quality materials to enter the market, complicating customs regulation [4]. Recommendations from Experts - The "Beijing Consensus" calls for strict enforcement of hard standards for imported recycled paper pulp, including limits on contamination and the prohibition of hazardous materials [5][7]. - Experts advocate for the paper industry to adopt green technologies and enhance responsibility towards environmental protection, aligning with national interests [5]. Future Outlook - According to customs statistics, the total import of recycled paper pulp in 2024 is projected to be approximately 4.14 million tons, with a significant portion produced using the dry method [7]. - The industry anticipates a shift towards increased domestic production capacity, potentially reducing reliance on imports by 2026-2027 [7].

Core Insights - The article focuses on the investment landscape in various regions of China, highlighting the establishment of new funds and their strategic focus areas, particularly in emerging industries and technological innovation [6][7][9][12][13][14][15][17][18][19][20][21]. Fund Establishments - The Shaoxing Industrial Fund, with a total scale of 15 billion RMB, aims to support strategic industry projects and technological innovation in Shaoxing [7]. - The Wuhan Future Intelligent Venture Fund has been established with a total scale of 1 billion RMB, focusing on artificial intelligence and humanoid robotics [9]. - The Henan Lihua Angel Fund has been successfully set up with a total scale of 1.77 billion RMB, targeting investments in AI, 5G, and new energy sectors [10][11]. - The Jiangmen High-tech Guangdong Science and Technology Industrial Development Fund has been established with a total investment of 1 billion RMB, focusing on emerging industries like new energy and AI [12]. - The Xiamen Industrial M&A Equity Investment Fund has been registered with a total scale of 2 billion RMB, focusing on key industries such as new energy and semiconductor [18]. - The Jimei Specialized Fund has been established with a scale of 100 million RMB, targeting strategic emerging industries and traditional industry upgrades [19]. Strategic Focus Areas - The funds are primarily directed towards high-tech sectors such as integrated circuits, biomedicine, and advanced equipment, reflecting a strong push for technological innovation and industrial transformation [7][12][13][14]. - The collaboration between Cainiao and China Life to establish a logistics investment fund of over 1.7 billion RMB emphasizes the importance of modern logistics infrastructure in key economic regions [17]. - The establishment of the Xin Ke Industry Investment Fund, with a total scale of 5 billion RMB, aims to enhance the communication network and support the development of cutting-edge technologies like AI and quantum communication [13]. Regional Highlights - Shaoxing is recognized for its traditional industries, particularly textiles, which have evolved significantly since the 1980s [6]. - Wuhan is positioning itself as a hub for light communication technology, leveraging its strong industrial base and strategic partnerships [13]. - The Hebei Free Trade Zone is focusing on high-end manufacturing and digital economy sectors, with the establishment of the Yunfan Equity Investment Fund to fill the investment gap in these areas [20][21].

Core Viewpoint - The article emphasizes that the Chinese liquor industry, particularly Wuliangye, is transitioning towards high-quality development with a focus on green and low-carbon initiatives, positioning ecological responsibility as a key competitive advantage [1][2]. Industry Challenges and Strategic Initiatives - The traditional liquor industry faces significant challenges related to energy consumption and environmental impact, heavily relying on fossil fuels and requiring deeper green transformation [2][3]. - Wuliangye has initiated the "zero-carbon liquor enterprise" project to address these industry pain points and promote sustainable development, reflecting its commitment to ecological priorities [2][3]. Green Development Framework - Wuliangye is implementing a comprehensive green transformation strategy across its entire supply chain, integrating green practices into production, marketing, and other operational aspects [3][5]. - The company aims to create an "Ecological Wuliangye" by collaborating with upstream and downstream partners, research institutions, and third-party service providers to tackle common industry challenges [5]. Technological Innovations and Environmental Projects - Wuliangye has invested 1.2 billion yuan in a centralized wastewater treatment project, which is set to become the largest and most advanced in the domestic liquor industry, utilizing cutting-edge technology for efficient and environmentally friendly operations [6]. - The project is expected to generate over 50 million kWh of electricity annually, significantly reducing coal consumption and greenhouse gas emissions [6]. Achievements and Recognition - Wuliangye has received numerous accolades for its green initiatives, including the EFQM Global Award and recognition as a national green factory, showcasing its leadership in sustainable practices within the industry [7]. - The company actively participates in the development of national and industry standards for green and low-carbon practices, reinforcing its role in guiding the sector towards sustainable growth [7]. Future Directions - Wuliangye plans to enhance its green initiatives by adopting electric boilers to reduce carbon emissions and increasing the share of clean energy in its energy structure [10]. - The company is committed to transparency in its carbon accounting and aims to share its sustainable development experiences on international platforms, further solidifying its position as a leader in the green transformation of the liquor industry [10][11].