And the coming question is how can Shanghai reduce pollution. 4B shown shows how bicycles can ignite a green revolution. [Applause] Hello everyone.I'm Sean, a fourth grade student from Puno School. Today in my speech, I'll talk about bike sharing, a solution for cleaner air in Shanghai. My presentation covers four parts.The problem of Shanghai traffic and pollution, the benefits of bike sharing and how to overcome challenges in finally a call to action. Firstly, let me talk about the problem we're facing. D ...

Core Viewpoint - Energy conservation and carbon reduction are crucial for achieving carbon peak and carbon neutrality, with the oil and chemical industry playing a significant role in this transition through three main strategies. Group 1: Capacity Transformation - The first strategy involves accelerating capacity transformation by promoting carbon capture, utilization, and storage (CCUS) projects, which will lead to industrialization of various petrochemical facilities [1] - The industry should focus on developing the hydrogen energy sector, increasing investments in projects like wind and solar hydrogen production, seawater hydrogen production, and blue hydrogen purification technologies [1] - Efforts should be made to deeply utilize waste heat and pressure from petrochemical facilities to minimize energy waste [1] Group 2: Process Reengineering - The second strategy emphasizes process reengineering, breaking down traditional production silos through raw material substitution, process innovation, energy restructuring, by-product recycling, and digital empowerment [2] - Petrochemical companies should prioritize low-carbon raw material substitution and adapt processes to reduce redundancy [2] - High-efficiency, low-consumption processes should replace traditional methods, promoting interconnectivity among facilities to reduce waste [2] - Advanced equipment should replace outdated machinery, focusing on steam production facility upgrades and using green gas alternatives [2] - Accelerating the construction of CCUS projects and resource recycling for waste catalysts and liquids is essential [2] Group 3: Carbon Emission Management - The third strategy involves improving the carbon emission management system by implementing a lifecycle carbon accounting and trading management system for petrochemical production [3] - A complete system should be established that quantifies carbon emissions, manages them, and incentivizes reductions through market mechanisms [3] - The entire process from crude oil extraction, transportation, refining, chemical synthesis, to product usage and disposal should be clearly defined for carbon accounting and assessment [3]

Core Points - Thermal Energy International Inc. has received a $1 million turnkey heat recovery order from a leading multinational building materials company [1][2] - The project involves the installation of three HeatSponge multi-pass two-stage boiler economizers, which are proprietary to the company's subsidiary, Boilerroom Equipment Inc. [1][2] - The project is expected to provide annual natural gas savings of 41,545 mmBTU and reduce greenhouse gas emissions by up to 2,202 metric tons CO₂ per year, representing a 10% reduction in the site's total CO₂ emissions [2] Financial Expectations - Revenue from this order is anticipated to be recognized within 12 months, with gross margins expected to align with historical amounts for similar turnkey projects [3] - The company’s overall gross margins are detailed in its quarterly disclosure materials [3] Company Overview - Thermal Energy International Inc. specializes in energy efficiency and emissions reduction solutions for large corporations, aiming to save customers money by reducing fuel use and carbon emissions [4][5] - The company’s proprietary solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations, offering a high return on investment with a short payback period [4][5] - Thermal Energy operates engineering offices in Ottawa, Pittsburgh, and Bristol, with sales offices across several countries including Canada, the UK, the USA, Germany, Poland, and Italy [5]

Core Viewpoint - The latest research from the International Council on Clean Transportation (ICCT) indicates that electric vehicles (EVs) in Europe have a lifecycle greenhouse gas emission that is 73% lower than that of traditional gasoline vehicles, including emissions from battery production [2] Group 1: Lifecycle Emissions - Electric vehicles have a higher carbon footprint during the initial manufacturing phase due to battery production, approximately 40% higher than gasoline vehicles, but this difference is offset after driving about 17,000 kilometers [2] - From 2025 to 2044, the average carbon emissions for medium-sized electric vehicles in the EU are projected to be around 63 grams of CO2 equivalent per kilometer, compared to approximately 235 grams for gasoline vehicles, which includes tailpipe emissions and indirect emissions from fuel production and vehicle manufacturing [2] Group 2: Market Growth in China - The penetration rate of new energy vehicles (NEVs) in China reached 31.6% in 2023, a significant increase from 2022, and is expected to rise to 40.3% in the first 11 months of 2024 [5] - In the first half of 2023, China's automotive industry saw a year-on-year growth of over 10% in multiple economic indicators, with NEV production and sales reaching 696.8 million and 693.7 million units respectively, marking a year-on-year increase of 41.4% and 40.3% [8] Group 3: Future Projections - It is anticipated that by 2025, the penetration rate of NEVs will reach 50%, with sales projected at approximately 16.5 million units; by 2030, the penetration rate is expected to be between 70% and 75% [9] - By 2035, the penetration rate of pure electric vehicles is expected to reach 85% to 90%, establishing a market structure of 333 for gasoline, hybrid, and pure electric vehicles [9]

Market Overview - The Green Steel Market was valued at USD 7.4 Billion in 2024 and is projected to reach USD 19.4 Billion by 2029, with a CAGR of 21.4% [1] - The rising sustainability and growing demand for steel make green steel an attractive alternative, significantly increasing its potential in the global market [2] Environmental Impact - Traditional steel manufacturing is energy and carbon-intensive, contributing to about 7% of global carbon dioxide emissions [3] - Green steel production aims to reduce carbon emissions through innovative technologies and renewable energy sources [4][5] Production Techniques - Green steel can be produced using various techniques, including electric arc furnaces, hydrogen-based production, and other fossil-free processing methods [6] - The use of low-carbon energy sources, such as green hydrogen, is essential for transforming the steel industry towards sustainable practices [5][8] Market Drivers and Opportunities - Government support through policies and funding initiatives is expected to propel the development of green steel technologies [7] - Significant investments from leading steel manufacturers are driving the transition to environmentally friendly practices [6] Technological Advancements - Hydrogen-based direct reduction of iron (HDRI) is a leading technology, replacing coal with green hydrogen and producing water instead of CO2 [8] - The Swedish company H2 Green Steel secured $4.54 billion in financing to build a large-scale green steel plant, aiming to produce 5 million tons annually by 2030 [8] Market Segmentation - The green steel market is segmented by processing technique, end-use industries (such as building and construction, transportation, and machinery), and geographic regions [21]