董秘回答(昊华科技SH600378)： 尊敬的投资者您好，感谢您对公司的关心和支持！ 二氧化碳（CO₂）捕集技术的核心，是从不同来源 （如烟气、湿法脱碳再生气、变换气、天然矿井气、发酵气、石灰窑尾气等）的含二氧化碳混合气体中 回收提纯CO₂。根据原料气和产品需求，可采用多种技术路线，主要包括:化学吸收、物理吸收、变压 吸附、膜分离及低温分离等类别。 公司所属西南院掌握国际先进的变压吸附法和化学吸收法（复合相 变吸收法）两大核心捕集技术。这些技术能够适应高、中、低不同浓度CO₂的原料气条件，并能通过净 化和提纯产出工业级、食品级乃至电子级液体二氧化碳。西南院持有十余项碳捕集相关授权专利。依托 上述技术，公司累计推广应用碳捕集成套工业装置超过70套，国际国内都有合作客户。这些装置服务于 多样化的应用场景，包括二氧化碳的工业利用、地质封存以及提高石油采收率（驱油）等。查看更多董 秘问答>> 投资者提问： 请问贵公司碳捕捉技术怎么样？目前在哪些场景应用？贵公司有与哪些公司合作吗？ 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...

Core Insights - The current AI boom is described as the "ultimate bubble" with major losses reported by AI giants like OpenAI, which had a revenue of approximately $4 billion but a loss of $5 billion last year [1] - The demand for electricity due to AI expansion is increasing exponentially, making stable power supply a core strategic support for national AI development, which is reshaping the global energy landscape [1][2] - Oil and gas companies are urged to transition from traditional energy suppliers to "AI energy solution providers" and "AI-driven efficient operators" to adapt to this new reality [1] Investment Trends - Significant investments in data centers are being made globally, with China establishing a $47.5 billion semiconductor fund, India investing $1.25 billion, and Canada allocating $2.4 billion for related projects [2] - The U.S. holds approximately 45% of the global data center capacity, while China accounts for about 25% [2] - Private AI investments in 2024 are projected at $109.1 billion in the U.S., $9.3 billion in China, and $4.5 billion in the UK [2] Geopolitical Dynamics - AI is becoming a new battleground for major powers, with the U.S. implementing restrictions to limit China's access to critical technologies [5] - The EU is focusing on regulatory frameworks, having passed the AI Act and planning significant investments in AI infrastructure [5][6] - Middle Eastern countries like Saudi Arabia and the UAE are positioning themselves as AI hubs, leveraging their financial resources and energy stability [6] Energy Demand and Supply - Data centers' electricity consumption is projected to grow at an annual rate of about 15%, with total consumption expected to reach approximately 945 terawatt-hours by 2030 [10] - The U.S. data centers are expected to consume 180 terawatt-hours in 2024, while China's consumption is projected at 100 terawatt-hours [9] - The energy mix for powering data centers is shifting towards a combination of natural gas and renewable energy sources [12][15] AI Integration in Oil and Gas - AI applications in the oil and gas sector are expected to grow, with the market value projected to reach $5.2 billion by 2029 [25] - Companies like Chevron and ExxonMobil are entering the data center power generation business to meet the rising electricity demand from AI [23] - AI is being integrated into core processes such as exploration and production, with significant improvements in efficiency and cost reduction [27] Challenges and Considerations - The oil and gas industry faces challenges in data quality, governance, and the integration of new technologies with legacy systems [33] - Geopolitical tensions and technology restrictions may lead to fragmentation in the value chain, impacting collaboration and innovation [35] - Companies must adapt their management culture and workforce to fully leverage AI capabilities, ensuring alignment with strategic goals [33]

Core Viewpoint - China's marine economy shows a stable and progressive trend with a marine GDP of 7.9 trillion yuan, reflecting a year-on-year growth of 5.6% in the first three quarters of the year [1] Marine Shipbuilding Industry - The overall development of China's marine shipbuilding industry remains stable, with the completion of marine vessels and the volume of orders on hand increasing by 6.7% and 25.7% year-on-year, respectively [1] - China's market shares in newly received orders, completed shipbuilding, and orders on hand are 63.5%, 47.3%, and 58.6%, respectively, maintaining a global leading position [1] Green Ship Technology - Continuous improvement in the innovation and supply capacity of green ship products, with China's share of newly received green ship orders in the international market reaching 70.6% [1] - The first carbon capture system (OCCS) for newly built ships has successfully completed trials on an 82,000-ton bulk carrier, contributing to emissions reduction in the shipping industry [1] Marine Engineering Equipment - China continues to lead the world in new orders, delivered orders, and orders on hand for marine engineering equipment [1] - The marine engineering equipment manufacturing sector is developing steadily, with positive progress in the research and development of marine pharmaceuticals and biological products [1] Maritime Trade - The competitive advantages of high-end, intelligent, and green marine products are evident, aiding in the optimization of foreign trade structure [1] - Exports of wind turbine generators and parts, as well as ships, have increased by 23.9% and 22.4% year-on-year, respectively, showcasing the resilience of China's marine foreign trade [1]

Core Insights - The global energy industry is at a historic crossroads, with oil and gas remaining essential for economic growth while facing pressure to reduce emissions and enhance efficiency [1][2] - The oil market is undergoing a deep transformation, with a shift in demand from traditional fuels to aviation fuels and chemical feedstocks [2] - The transition to green energy is creating new growth opportunities, particularly in emerging fields like green marine fuels, hydrogen, and carbon capture [2][3] Group 1: Oil and Gas Industry Trends - The global oil market is expected to remain oversupplied until 2030, with Brent crude prices consistently below $65 per barrel [2] - Continuous integration of refining capacity is anticipated to boost industry profits despite the oversupply [2] - The shipping industry's decarbonization is leading to the development of multiple pathways for marine fuel solutions, with natural gas and biofuels showing competitive advantages [2] Group 2: Chemical Industry Developments - The future of the petrochemical industry is focused on "greening, high-end, intelligent, and safe" production [4] - China's petrochemical sector faces both challenges and opportunities, with a need to enhance high-end product supply and reduce low-end capacity [4][5] - Southeast Asia and the Middle East are becoming preferred targets for Chinese companies' international expansion due to resource and policy advantages [4] Group 3: Marine Fuel Innovations - The International Maritime Organization (IMO) is working on a legally binding net-zero emissions framework, which will significantly impact marine fuel choices [6] - Companies are developing platforms to collect and analyze carbon emissions data to comply with emerging regulations [6] - The demand for green methanol is expected to surge if the IMO's net-zero framework is approved, with significant projects already underway in China [6][7] Group 4: Green Methanol Market Outlook - Approximately half of the global green methanol supply is located in China, with many projects in the research and pre-construction phases [7] - By 2028, China is projected to achieve an annual green methanol production capacity of 4 to 5 million tons [7] - The demand for green methanol as a marine fuel is expected to reach 6 to 7 million tons globally by 2030 [7]

Core Insights - China National Offshore Oil Corporation (CNOOC) has announced that its first offshore carbon dioxide (CO2) storage demonstration project, the Enping 15-1 oilfield CO2 storage project, has successfully stored over 100 million cubic meters of CO2, equivalent to the carbon absorption of 2.2 million trees, indicating the maturity of China's offshore CO2 storage technology and capabilities [1][5][17] Group 1: Project Overview - The Enping 15-1 oilfield is the first high CO2 content oilfield in the eastern South China Sea, where conventional extraction methods would release CO2 into the atmosphere, increasing emissions [4][10] - The project utilizes Carbon Capture, Utilization, and Storage (CCUS) technology, which involves capturing CO2 from emission sources, utilizing it, and storing it in geological formations [5][10] - Since its launch in May 2023, the project has operated safely for over 15,000 hours, with a peak daily injection volume of 210,000 cubic meters [7][11] Group 2: Technological Advancements - The project has achieved a full-chain upgrade of CO2 capture, utilization, and storage technologies, with a domestic equipment localization rate of 100% [9][11] - The CO2 is captured, purified, pressurized, and injected into underground reservoirs to enhance oil recovery while permanently storing CO2 [10][12] - The project has developed a complete set of operational standards and procedures, providing significant practical experience and data support for large-scale offshore CO2 storage applications [10][12] Group 3: Future Prospects - CNOOC plans to scale up CO2 injection to over 1 million tons in the next decade, aiming to increase oil production by 200,000 tons [6][12] - The company is also initiating a large-scale carbon capture and storage cluster project in Guangdong, targeting the capture of CO2 emissions from various enterprises for storage in the Pearl River Estuary [16][17] - The development of CCUS technology is expected to support China's dual carbon goals and contribute to global climate governance [17]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has successfully implemented its first offshore carbon capture, utilization, and storage (CCUS) project at the Enping 15-1 oil field, achieving a milestone of over 100 million cubic meters of carbon dioxide (CO2) stored, equivalent to the carbon offset of planting 2.2 million trees, showcasing the maturity of China's offshore CO2 storage technology and capabilities [6][9][15] Group 1: Project Overview - The Enping 15-1 oil field is China's first high CO2 content oil field located in the South China Sea, where CO2 is typically released during oil extraction, contributing to environmental concerns [7][8] - The CCUS project at Enping 15-1 was launched in May 2023, marking a significant step in China's efforts to accelerate offshore CO2 storage and utilization [8][12] - The project aims to achieve dual objectives: CO2 storage and enhanced oil recovery, with a projected CO2 injection of over 1 million tons and an increase in oil production by 200,000 tons over the next decade [9][15] Group 2: Technical Details - The CCUS process involves capturing CO2 from oil and gas production, purifying, compressing, and injecting it into geological formations for long-term storage [8][10] - The project utilizes a complete set of domestically developed equipment with a 100% localization rate, ensuring efficient operation and monitoring of CO2 injection [12][14] - Advanced technologies, including real-time monitoring systems and intelligent gas injection techniques, have been implemented to optimize CO2 injection and enhance oil recovery [12][11] Group 3: Industry Implications - The successful implementation of the Enping 15-1 project is expected to serve as a replicable model for green and low-carbon development in offshore oil and gas fields across China [9][12] - China's offshore CCUS industry is poised for growth, with significant potential for CO2 geological storage estimated at 25.8 billion tons, providing a robust foundation for large-scale applications [14][15] - CNOOC is also developing a comprehensive offshore CCUS industrial chain, including a major carbon capture and storage project in Guangdong, aimed at enhancing oil recovery and contributing to national carbon neutrality goals [15]

Group 1 - The National Development and Reform Commission issued a notice on October 15, supporting the production projects of green methanol and sustainable aviation fuel, as well as large-scale carbon capture, utilization, and storage (CCUS) projects, with a support ratio of 20% of the total investment for various energy-saving and carbon reduction projects [1] - The International Maritime Organization (IMO) is moving towards a net-zero emissions framework, with a draft amendment set to be voted on October 17, establishing a carbon emissions reward and punishment mechanism for shipping companies, which will take effect in 2027 [1] Group 2 - Green fuels are expected to become the main fuel choice for decarbonization in the shipping industry in the medium term, with a long-term shift towards green hydrogen and green ammonia [2] - The National Energy Administration announced the first batch of pilot projects for green liquid fuel technology, including five green methanol projects and three green ammonia projects, involving companies like Shanghai Electric and Goldwind Technology [2] - Suggested companies to watch include those involved in green methanol production, such as China Tianying, Jidian Co., Shanghai Electric, and others, as well as companies in the green hydrogen industry chain and biomass/carbon capture sectors [2]

Group 1 - The 2025 Nobel Prize in Chemistry was awarded to three scientists for their contributions to the development of metal-organic frameworks (MOFs), which can significantly reduce the cost of carbon capture [1][2] - Metal-organic frameworks are described as "molecular buildings" that can be used for various applications, including extracting moisture from desert air, capturing carbon dioxide, and storing toxic gases [2][3] - The cost of the separation step in carbon capture currently accounts for about 70% of the total cost, and using MOF materials for adsorption and separation of CO2 is expected to lower this cost substantially [2][3] Group 2 - Several domestic companies in China are already working on the commercialization of MOF technology, with a focus on applications in solid-state batteries, air dehumidification, and hydrogen storage [6][7] - Wuxi New Storage Materials Technology Co., Ltd. plans to launch a production line for MOF materials by the end of the year, with an expected annual output value of 500 million yuan [6] - Guangdong Carbon Language New Materials Co., Ltd. aims to achieve large-scale production of MOF materials, with plans for a new project that includes an investment of 100 million yuan [6][7] Group 3 - The "1+N" dual carbon policy framework in China emphasizes the importance of carbon capture, utilization, and storage (CCUS) in promoting green and low-carbon transformation [7] - Experts suggest that the largest commercial market for the practical application of the 2025 Nobel Prize-winning technology will be in China [7]

Group 1 - The Nobel Prize in Chemistry for 2025 was awarded to Japanese scientist Shin Kitagawa, Australian scientist Richard Robson, and American scientist Omar Yaghi for their contributions to the development of Metal-Organic Frameworks (MOFs) [1] - MOFs are recognized for their customizable properties and potential applications in addressing water crises, energy challenges, and pollution issues, marking a new era of "designed materials" [1] Group 2 - MOFs have made significant breakthroughs in carbon capture technology, providing a key pathway for achieving carbon neutrality [2] - The CALF-20 MOF material, detailed in a 2021 paper, is noted for its high capacity, selectivity, stability, and scalability, offering a low-energy, durable solution for carbon capture [2] - Since January 2021, CALF-20 has been undergoing industrial trials at a cement plant in Canada, capturing one ton of CO2 daily, making it the first industrial demonstration of a MOF material [2][3] Group 3 - Multiple countries, including Canada, the UK, Germany, and China, are advancing the industrial application of MOFs, targeting significant CO2 capture capabilities with lower energy consumption [4] - A factory named Redwood in Burnaby, Canada, aims to produce enough MOF-based filters to capture 10 million tons of CO2 annually, indicating a major commercial breakthrough for MOFs [4] - MOFs are also enhancing hydrogen storage efficiency, with specific MOFs achieving hydrogen storage capacities of 14.0wt% and 13.2wt% under certain conditions, surpassing traditional high-pressure gas cylinders [4] Group 4 - In China, MOF applications are advancing, with facilities utilizing MOFs for carbon capture and water collection in arid regions [6] - Carbon Yu New Materials Co., based in Zhuhai, has developed over 40 MOF products and aims to surpass BASF in the industry within 3-5 years [6] - Yueyang Xingchang is the only domestic company achieving large-scale production of MOF materials and has begun testing its MOF materials as solid-state battery electrolytes with CATL [6]

Core Viewpoint - The 2025 Nobel Prize in Chemistry has been awarded to Susumu Kitagawa, Richard Robson, and Omar M. Yaghi for their contributions to the development of Metal-Organic Frameworks (MOFs), which have significant implications in various fields including chemistry, energy, and environmental science [1][2]. Group 1: Metal-Organic Frameworks (MOFs) - MOFs are porous materials created by the self-assembly of inorganic metal centers and organic ligands, allowing for the construction of thousands of different frameworks with controllable pore sizes, surface areas, and chemical environments [1][2]. - The industrial application of MOFs is currently limited, but extensive research is being conducted in the chemical field, with potential uses in gas separation and storage, such as hydrogen and methane storage for hydrogen fuel vehicles [1][2]. Group 2: Applications and Advantages - MOFs can be utilized in carbon capture, utilization, and storage (CCUS), which is essential for achieving China's dual carbon goals, due to their high surface area that allows for significant CO2 adsorption capacity [2]. - In arid desert regions, MOFs can absorb water vapor at night and release it during the day, providing a source of clean drinking water [2]. - In the pharmaceutical sector, MOFs can serve as drug carriers, enabling targeted delivery to affected areas [2]. - The use of MOFs in membrane separation can reduce energy consumption by over 90% compared to conventional methods [2]. - The versatility of MOFs allows for customization in gas separation by adjusting pore sizes and modifying chemical properties to meet specific needs [2].