集团办公楼 立恒焦化 超低排放树起行业转型标杆 2025年1月26日，中国炼焦行业协会网站的一则公示，让晋南钢铁旗下的立恒焦化成为行业焦点 ——这家企业在全国率先完成全流程超低排放改造，为焦化行业的绿色转型树起了"风向标"。 初夏时节的山西晋南钢铁集团有限公司（下称"晋南钢铁"），仿佛一幅生机勃勃的生态画卷：厂区 内，花草繁盛、绿树成荫，宛如大自然的守护者；光伏板阵列如海，将阳光转化为清洁能源；氢能重卡 穿梭其间，无声地传递着低碳出行的环保理念；低碳钢铁产品从生产线接续而出，每一吨都承载着对绿 色的承诺。 在"双碳"目标的时代号角声中，钢铁行业的绿色转型已从"选择题"变为"必答题"。晋南钢铁以"美 丽中国我先行"的担当，将"生态优先、绿色发展"刻入企业基因，在长流程钢铁企业低碳变革中勇当先 锋。从立恒焦化在全国范围内率先完成全流程超低排放改造，到构建"钢—焦—化—氢+绿电"全闭环产 业链，再到推动产品向绿色型钢转型升级，晋南钢铁坚定不移地贯彻新发展理念，以一连串硬核实践， 书写着传统工业蝶变的绿色传奇。 焦化厂区 这场改写行业历史的变革，始于一场长达6个月的"大考"。2024年6月，生态环境部大气环境司组织 ...

全球炼油业加速绿色转型 近日，有咨询机构分析预测，随着汽油利润率下降以及碳排放压力加大，全球超过20%的炼油产能（约 390万桶/日）面临关闭风险，欧洲炼厂形势尤其严峻。预计到2035年欧洲炼油产能将关闭30%以上。其 次，欧盟碳价已突破90欧元/吨，5年内增长4倍，使得欧洲炼厂的运营成本大幅增加。 对此，霍尼韦尔能源与可持续技术集团中国副总裁兼总经理孙建能表示，目前，全球炼化产业重心正在 加速东移，亚太地区正成为炼化产业新重心。炼化行业发展，与汽车电动化进程密切相关，并且在产业 发展进程中，技术创新迭代与生产线转型升级发挥着关键作用。炼化行业的转型升级，在过"绿"关上， 要下足功夫。 据统计，近年来，中国炼油产能稳定在10亿吨左右，炼油能力全球第一；国内炼油资本开支大幅放缓， 从份额扩张迈入高质量发展阶段。减油增化与原料轻质化同步推进。孙建能表示："在炼化行业，霍尼 韦尔协助行业客户找准碳排放的主要来源和可行的减排方法与技术，在原料、工艺、排放、运营等方面 有针对性地提出行业减排的技术方案。借助霍尼韦尔UOP的工艺技术，企业能从每滴石油、每立方天然 气和每吨煤炭中创造更大价值。" 技术创新：驱动减油增化与低 ...

近日，全球首艘自航式水体自然交换型养殖工船"湾区伶仃"号在广东江门成功下水，标志着我国深远海 养殖迈向"科技牧海"新纪元。 "湾区伶仃"号深海养殖工船规模宏大，总长155.8米，型宽44米，型深24米，最大吃水深度达20米。与 一般的渔船不同的是，"湾区伶仃"号水下部分并非封闭结构，而是由15根方形立柱拼砌成一个"水下宫 殿"。其通过挂设渔网，隔出12个独立的养殖舱室，可同时开展多种鱼苗养殖，极大地丰富了养殖类 型。 "湾区伶仃"号由中交四航局江门航通船业有限公司(以下简称"中交四航局航通公司")建造。整船养殖空 间近8万立方米，水量相当于32个标准游泳池，为鱼儿提供了广阔的自由游动空间，提升鱼苗活力和鱼 肉品质。"湾区伶仃"号建成后，可年产5000吨鱼，是大湾区实现"吃鱼自由"的重要来源。 "湾区伶仃"号养殖工船将奔赴粤港澳大湾区深处开展养殖作业。该区域台风频发，海面风浪大，雨水天 数多，严重影响养殖安全。为此，中交四航局项目团队秉持"安全为先，质量立业"的理念，选用了重量 更轻、质量更优的高强钢作为建造主材料，为"湾区伶仃"号打造了一副"强壮骨骼"，可保障鱼苗等在12 级台风下的养殖安全。 中交四航局项目 ...

Group 1 - The World Bank will support nuclear power projects for the first time in decades, focusing on extending the lifespan of existing reactors and enhancing infrastructure [1] - The World Bank aims to partner with the International Atomic Energy Agency to strengthen consulting capabilities in non-proliferation, safety, and regulatory frameworks [1] - Global demand for clean energy is increasing, with nuclear power becoming increasingly important in energy structures, particularly in China, where nuclear power development is accelerating [1] Group 2 - Lanshi Heavy Industry covers the entire nuclear energy equipment industry chain, obtaining supplier qualifications from over 40 nuclear power owners, including China National Nuclear Corporation and China General Nuclear Power Group [2] - Zhongzhou Special Materials is an upstream supplier for nuclear power companies, producing valves and welding materials for facilities associated with major nuclear power operators [2]

6月11日，SNEC PV+ 2025国际光伏储能两会在上海国家会展中心隆重开幕，来自全球95个国家和地区 的3,600余家企业参展，国际展商比例占到30%，是中国、亚洲、乃至全球最具影响力的国际化、专业 化、规模化的光伏盛会。 本届展会，双良以"零碳智慧共生"理念，携零碳园区整体解决方案亮相。一方面，双良依托在光伏、氢 能、储能、电能利用等领域的制造实力，形成系统解决方案能力，打造零碳园区内部共生；另一方面， 通过产业链融合，双良链动外部资源，为客户提供从规划、建设到运营的全生命周期解决方案，打通外 部共生；同时融合数字化技术，让园区管理从"经验驱动"转向"数据驱动"。 正值"十四五"收官、"十五五"谋篇布局之年，清洁能源发展将迎来新跨越，以"双碳"目标为引领的新发 展格局加速构建。零碳园区作为工业碳中和的路径之一，将从试点示范走向规模化推广，成为产业绿色 升级的关键载体。碳排放标准与绿电交易市场的完善，也将让零碳园区成为企业的核心竞争力之一。 双良零碳园区整体解决方案中，在发电端，双良定制"光-氢-储"系统，屋顶光伏发电，直供生产办公； 以绿电制绿氢，既能够做工业原料、绿色燃料，也可以为电动/氢能物流车加 ...

Core Viewpoint - The national carbon market has experienced a significant price decline, with carbon emission allowances (CEA) dropping to 68.48 yuan/ton, a decrease of approximately 35% from the historical high of around 105 yuan/ton reached in November of the previous year. This decline is attributed to weakened demand, increased supply expectations, and deteriorating market sentiment. However, long-term prospects suggest that carbon prices may stabilize and rise due to tightening policies, industrial upgrades, and deeper international linkages [1][2][4]. Group 1: Price Decline Factors - The primary demand side for carbon market is thermal power, which has seen a decrease in generation, directly impacting the motivation to purchase carbon allowances. From January to April, total electricity generation, including thermal power, grew by only 0.1% year-on-year, significantly lower than the 6.1% growth in the same period last year [2]. - The manufacturing PMI fell below 50 after April due to trade frictions, leading to a slowdown in industrial electricity growth. Additionally, higher temperatures this year have reduced residential electricity consumption, further impacting demand for carbon allowances [2]. - The introduction of a "zero gap" for new industry allowances and the restart of the voluntary emission reduction market (CCER) have also contributed to downward pressure on prices [3]. Group 2: Long-term Market Outlook - Despite the current price decline, there is a consensus that the long-term upward trend of carbon prices remains intact. The total allowance will tighten annually in line with the "dual carbon" goals, leading to increased scarcity [4]. - The European Union's Carbon Border Adjustment Mechanism (CBAM), set to impose a "carbon tax" in 2026, is expected to align domestic carbon prices with major markets [4]. - The transition of high-emission industries will require higher carbon price signals, supporting the long-term price increase [4]. Group 3: Financial Innovations and Risk Management - The China Securities Regulatory Commission has proposed the development of carbon futures, which will help companies manage carbon price volatility through hedging strategies [5]. - The establishment of a well-functioning carbon futures market is seen as essential for stabilizing carbon costs and avoiding adverse impacts on business operations due to price fluctuations [5][6]. - The future development of a carbon futures market is viewed as an opportunity for gaining international pricing power in major energy commodities [6].

Group 1 - The core viewpoint is that China is committed to announcing its 2035 national contribution target for all greenhouse gases before the UN Climate Change Conference in November, emphasizing the importance of technology in achieving carbon neutrality goals [1][2] - Current carbon neutrality technologies are primarily in experimental and demonstration stages, with about 50% not yet in application, particularly in low-carbon fuels and carbon capture technologies [1][2] - Industrial carbon neutrality technologies are particularly challenging, with 70% of the 45 listed technologies still in demonstration or theoretical stages, highlighting the need for structural adjustments in the industrial sector [2][4] Group 2 - The steel industry example illustrates that 70% of China's production capacity uses long-process steelmaking, while short-process and hydrogen steelmaking technologies are gradually being adopted [4] - Cost remains a significant barrier to technology-driven carbon reduction, necessitating market mechanisms like carbon pricing to facilitate the transition of technologies from laboratories to market applications [4][5] - China's carbon price currently fluctuates around $10, while international markets are around $100, indicating potential for significant price increases in the future [4] Group 3 - The shift towards green energy is expected to disrupt existing energy structures, with a projected need for mineral resources for new energy by 2040 comparable to 2020 coal extraction levels [5][6] - The distribution of energy resources is changing, with clean technology minerals having a new geographical distribution compared to fossil fuels, which are concentrated in a few countries [5] - The transition from reliance on energy resources to dependence on energy technology is crucial for future economic development [5][6] Group 4 - The rapid development of renewable energy technologies in China over the past decade presents opportunities for collaboration with Belt and Road Initiative countries, which have abundant wind and solar resources [6] - The stability of the power grid is essential for the large-scale application of wind and solar energy, with the next five years being critical for addressing these challenges in China [6]

Core Viewpoint - The article highlights a green revolution in Jinchang, Gansu, focusing on the transformation of high-salinity wastewater into valuable products, showcasing the collaboration between Gansu Bank and local enterprises to promote a circular economy [1][2][6]. Group 1: Project Overview - Gansu Kexing Salt Chemical Co., Ltd. is processing high-salinity wastewater to produce high-value potassium perchlorate, achieving "waste salt rebirth" [1][2]. - The high-salinity wastewater treatment project was signed at the 29th Lanzhou Investment and Trade Fair in July 2023, addressing complex wastewater from large enterprises like Jinchuan Group [2][3]. - The project aims to achieve an annual production of 30,000 tons of potassium perchlorate and treat 1 million cubic meters of high-salinity wastewater, with a resource utilization rate of 100% [3]. Group 2: Financial Support - Gansu Bank's Jinchang branch provided a comprehensive financial service plan, including 110 million yuan in fixed asset loans and 15 million yuan in working capital loans, utilizing innovative collateral methods [2][4]. - The bank's support enabled the project to overcome significant funding gaps and facilitated rapid project implementation, achieving production readiness in under 18 months [3][4]. Group 3: Technological Advancements - The project features advanced production processes with high automation, requiring only 3-4 workers per shift, and incorporates a zero-carbon production method relying solely on electricity [4][5]. - The implementation of a flexible production system allows for real-time adjustments based on electricity load and raw material supply, optimizing cost and output [5]. Group 4: Economic and Environmental Impact - The successful implementation of the project exemplifies the integration of finance and the real economy, contributing to the green transformation of Jinchang's industrial landscape [7][8]. - The project not only addresses environmental challenges but also strengthens the resource recycling industry cluster in Jinchang, showcasing a model for regional circular economy [7][8].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - For alumina, the fundamentals may be in a stage of slightly converging supply and relatively stable demand. It is recommended to conduct light - position short - term long trades at low prices, controlling the rhythm and trading risks [2]. - For Shanghai aluminum, the fundamentals may be in a stage of relatively stable supply and slightly reduced demand. It is recommended to conduct light - position oscillating trades, controlling the rhythm and trading risks [2]. - For cast aluminum, it is currently in a situation of stable supply growth and positive demand expectations. It is recommended to mainly observe cautiously, controlling the rhythm and trading risks [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the Shanghai aluminum main contract was 20,395 yuan/ton, up 145 yuan; the closing price of the alumina futures main contract was 2,895 yuan/ton, unchanged. The LME electrolytic aluminum three - month quotation was 2,516.50 US dollars/ton, up 22.50 US dollars [2]. - The LME aluminum注销仓单 was 35,800 tons, down 2,300 tons; the LME aluminum inventory was 357,600 tons, down 2,300 tons. The Shanghai aluminum previous 20 - name net position was - 3,283 hands, up 4,308 hands [2]. 3.2 Spot Market - The Shanghai Non - ferrous Network A00 aluminum price was 20,650 yuan/ton, up 250 yuan; the alumina spot price in Shanghai Non - ferrous was 3,255 yuan/ton, down 5 yuan [2]. - The average price of ADC12 aluminum alloy ingots nationwide was 20,000 yuan/ton, and the basis of cast aluminum alloy was 540 yuan, up 100 yuan [2]. 3.3 Upstream Situation - The alumina production in May was 732.30 million tons, down 15.22%; the demand for alumina (electrolytic aluminum part) was 693.70 million tons, down 30.02 million tons [2]. - The average price of broken raw aluminum in Foshan metal scrap was 16,500 yuan/ton, up 100 yuan; the average price of broken raw aluminum in Shandong metal scrap was 16,000 yuan/ton, up 50 yuan [2]. 3.4 Industry Situation - The import quantity of primary aluminum was 250,476.81 tons, up 28,656.52 tons; the export quantity of primary aluminum was 13,672.79 tons, up 4,972.94 tons [2]. - The electrolytic aluminum total production capacity was 4,520.20 million tons, up 2.00 million tons; the electrolytic aluminum start - up rate was 97.65%, up 0.05% [2]. 3.5 Downstream and Application - The aluminum product production was 576.40 million tons, down 21.77 million tons; the export quantity of unwrought aluminum and aluminum products was 54.70 million tons, up 2.70 million tons [2]. - The production of recycled aluminum alloy ingots was 61.60 million tons, up 3.37 million tons; the export quantity of aluminum alloy was 1.66 million tons, down 0.16 million tons [2]. 3.6 Option Situation - The 20 - day historical volatility of Shanghai aluminum was 9.40%, down 0.83%; the 40 - day historical volatility of Shanghai aluminum was 10.51%, up 0.01% [2]. - The implied volatility of the Shanghai aluminum main contract at - the - money was 10.11%, up 0.0065; the call - put ratio of Shanghai aluminum options was 0.78, up 0.0703 [2]. 3.7 Industry News - From June 9th to 10th, the first meeting of the China - US economic and trade consultation mechanism was held in London. Both sides reached a principle agreement on measures to implement the important consensus of the two heads of state's phone call on June 5th [2]. - In May, China's automobile production and sales continued to grow. The production and sales of new energy vehicles increased significantly, and the export of automobiles also increased [2]. - The latest inflation data in the United States remained moderate. After the CPI data was released, Trump called on the Fed to cut interest rates by one percentage point [2]. - The World Bank lowered the global economic growth forecast for this year from 2.7% to 2.3% [2].

Core Viewpoint - The company is transforming its mining operations into a green and intelligent model, integrating advanced technology with ecological restoration to achieve sustainable development and enhance overall efficiency [1][10]. Group 1: Technological Integration - The mining site utilizes a 5G network to create a comprehensive sensing system, enabling real-time tracking of over 450 workers and monitoring equipment status through intelligent inspection robots [9]. - The mining operations have adopted a digital twin system, allowing for millisecond-level coordination among various subsystems, enhancing the efficiency and safety of the mining process [9][10]. - The introduction of autonomous vehicles and smart machinery has reduced the need for manual labor, allowing for a more efficient and less hazardous working environment [9][10]. Group 2: Ecological Restoration - Since 2018, the company has invested 174 million yuan in land reclamation and ecological restoration, achieving a 100% reclamation rate and an 86.53% vegetation coverage rate [4][14]. - The company has planted over 2.2 million trees and completed various greening projects, significantly improving the landscape and biodiversity of the mining area [4][5]. - The mining site has been recognized as a national-level green mine, maintaining compliance with environmental standards through continuous monitoring and improvement [4][10]. Group 3: Sustainable Practices - The company has established a dual water recycling system, treating an average of 107,000 cubic meters of wastewater annually, thus maximizing water resource utilization [14]. - Dust control measures have led to a one-third reduction in PM2.5 concentration, showcasing the effectiveness of the implemented strategies [14]. - The introduction of energy-efficient technologies, such as the permanent magnet direct drive electric drum, has improved transmission efficiency by 22% and reduced carbon emissions by 810 tons annually [15]. Group 4: Future Development Goals - The company aims to further integrate cultural and tourism elements into its operations, creating a unique industrial heritage experience while promoting ecological tourism [6][10]. - The ongoing commitment to achieving carbon neutrality and sustainable development is central to the company's long-term strategy, positioning it as a leader in the green mining sector [15].