Core Insights - The 2025 Trilateral Economic Report highlights the resilience and opportunities of the East Asian economic circle amid global uncertainties, emphasizing the importance of trilateral cooperation among China, Japan, and South Korea [1][6]. Economic Scale and Trade - In 2024, the combined GDP of China, Japan, and South Korea reached USD 24.21 trillion, a 2.7% increase from 2023, accounting for over 24% of global GDP [2][40]. - The total population of these three countries is approximately 1.584 billion, representing nearly 20% of the global population, making it one of the most promising consumer markets [2][40]. - The goods trade volume among the three countries is estimated at USD 8.93 trillion in 2024, which is 18.8% of global trade, highlighting their role as stabilizers in global supply chains [2][40]. Demographic Challenges - The aging population is a significant challenge, with Japan having 30% of its population aged 65 and older, South Korea at 18%, and China nearing 14%, all exceeding the global average of 10% [3]. - Fertility rates are critically low, with South Korea at 0.7, Japan at 1.2, and China at 1.0, indicating potential long-term population decline [3]. Economic Outlook - The report predicts that the economic growth rate for the ASEAN+3 region may fall below 4% in 2025 due to global trade shocks, with growth for China, Japan, and South Korea expected to decrease from 4.1% in 2024 to 3.7% [3][40]. - Long-term projections suggest that potential economic growth for ASEAN+3 and the CJK economies could decline to 2.8% and 3.0% by 2050, respectively [3][40]. Regional Economic Integration - The Regional Comprehensive Economic Partnership (RCEP) has shown positive impacts on trade and investment, with the trade volume reaching USD 13 trillion in 2023, accounting for 30% of global exports [4]. - However, challenges remain, such as small and micro enterprises struggling to benefit from RCEP, and the need for improved customs facilitation [4]. Semiconductor Industry Collaboration - The semiconductor industry is highlighted as a critical area for trilateral cooperation, with South Korea leading in memory chips, Japan dominating in manufacturing equipment, and China rapidly advancing [5]. - Recommendations include establishing a trilateral semiconductor supply chain dialogue platform and joint research initiatives to enhance regional supply chain resilience [5]. Future Cooperation Directions - The report emphasizes the need for accelerated negotiations on the China-Japan-Korea Free Trade Agreement (CJKFTA) and collaboration in emerging sectors like electric vehicles and renewable energy [5]. - Strengthening regional cooperation is deemed essential to navigate uncertainties and promote sustainable growth across the region [6].

Group 1: CCUS Project Overview - The world's largest coal-fired carbon capture demonstration project at Huaneng Gansu Zhengning Power Plant has successfully completed a 72-hour trial run and is now in commercial operation, marking a historic leap in CCUS technology from "ten-thousand-ton demonstration" to "million-ton industrial application" [1][3] - The project is a major national technology demonstration project and one of the first green low-carbon demonstration projects approved by the National Development and Reform Commission, achieving a CO2 capture rate of over 90% with a purity of over 99% [3][5] - The facility can capture 1.5 million tons of CO2 annually, equivalent to the carbon emissions of 600,000 cars in a year, significantly contributing to deep emission reductions in coal-fired power plants and supporting carbon neutrality goals [5][8] Group 2: Technological Innovations - The project has overcome multiple technical bottlenecks in carbon capture, compression, and storage, creating several "global firsts" and "domestic innovations," with 100% of the core equipment being domestically produced [3][5] - Key technological achievements include the world's first "dual-tower integrated" absorption tower and the first domestic eight-stage supercritical CO2 compressor, which set new benchmarks for the coal power industry [3][5] Group 3: Broader Implications - The captured CO2 can be utilized in various applications, including enhanced oil recovery, green fuel synthesis, food processing, and mineralized building materials, thus establishing a complete "capture-utilization-storage" industrial chain [3][5] - The project positions China's CCUS technology at a world-leading level and sets a new standard for low-carbon transformation in the coal power sector [3][5]

Core Viewpoint - The 2025 Pujiang Innovation Forum emphasizes the leadership of renewable energy in the energy revolution, focusing on sustainable aviation fuel, green methanol, and green ammonia as key areas for technological innovation and industrial development in Shanghai [1] Group 1: Technological Innovation and Industry Development - Shanghai is systematically promoting disruptive technological innovation and future industrial system construction through strategic initiatives led by the Shanghai Municipal Science and Technology Commission [1] - The commission is facilitating collaborative research and development efforts among academia and industry, including a pilot project for green methanol industrialization led by a team from East China University of Science and Technology [1] - The establishment of a SAF (Sustainable Aviation Fuel) industrial chain is being spearheaded by the airport group, with a focus on accelerating the development of supporting technologies such as electro-synthetic fuels and carbon capture through a "racehorse system" [1] Group 2: Green Fuel Technology and Applications - The Shanghai Municipal Science and Technology Commission is working to cultivate new green and low-carbon productive forces by focusing on next-generation nuclear energy and green fuel technologies [1] - Key technological breakthroughs are being pursued in areas such as large-scale offshore wind power, perovskite batteries, and solid-state batteries [1] - Major demonstration projects are being developed, including new power systems and deep-sea energy islands, to comprehensively promote energy structure optimization and industrial upgrading [1]

Core Viewpoint - The article emphasizes the importance of Carbon Capture, Utilization, and Storage (CCUS) technology in achieving China's carbon peak and carbon neutrality goals, highlighting the need for sustainable development and policy support for CCUS implementation [1]. Summary by Sections Current Status of CCUS Technology - CCUS technology in China is categorized into three types: pre-combustion, oxy-fuel combustion, and post-combustion capture. Pre-combustion capture has high investment costs and complexity, with no industrial demonstration projects yet. Oxy-fuel combustion is still in the experimental stage, while post-combustion capture, particularly chemical absorption, is the most widely used method [2]. - Carbon storage technologies include deep saline aquifer storage, depleted oil and gas reservoir storage, and deep-sea storage. Deep saline aquifers have the highest potential due to their proximity to emission sources, with several projects in regions like Yulin and Ordos demonstrating a storage capacity of around 100,000 tons per year [2]. Utilization of CO2 - CO2 utilization methods are divided into geological, chemical, biological, and physical uses. Enhanced oil recovery and uranium in-situ leaching are the most mature geological utilization techniques in China, with several demonstration projects established [3]. - Chemical utilization includes mature technologies like urea and sodium bicarbonate production, while other methods, such as methanol production, are still in research stages. Biological utilization through microalgae cultivation is commercialized, while greenhouse gas fertilization is still in demonstration phases [3]. Challenges Facing CCUS Technology - High application costs are a significant barrier to the large-scale commercialization of CCUS technologies in China, with costs for various capture methods ranging from 70 to 400 yuan per ton. The mismatch between costs and benefits hampers the development of a mature business model, leading to reliance on state-owned enterprises for project implementation [4]. - Pollution risks exist in the carbon capture process, particularly with chemical absorbents that can release gases and create secondary pollution if not disposed of properly [4]. Policy Support and Standards - Despite over 100 CCUS-related policies in China, most are non-binding and lack incentives. There is a need for mandatory policies similar to those in other countries that require new coal power plants to implement CCUS technology [5]. - The absence of fiscal incentives, such as tax breaks or subsidies for companies implementing CCUS, and the lack of comprehensive energy efficiency and greenhouse gas emission standards hinder the development of CCUS technology [5]. Recommendations for CCUS Development - A comprehensive assessment of different CCUS technology routes is necessary to ensure sustainable development and minimize environmental risks. This includes evaluating resource and environmental impacts alongside economic and social benefits [6][7]. - Establishing clear ecological and environmental standards for CCUS technologies is crucial, including energy consumption limits and pollution prevention measures throughout the carbon capture, transport, and storage processes [8]. - A supportive management mechanism for CCUS technology should be developed, including expanding carbon emission control coverage, implementing carbon taxes with incentives for CCUS adopters, and enhancing financial support for CCUS projects [9].

Core Viewpoint - Beijing's urban sub-center aims to become an international benchmark for green economy development by 2027, focusing on 10 industries and 8 actions to promote green technology and sustainable practices [1][3]. Group 1: Green Economic Development Goals - By 2027, the number of effective green technology invention patents is expected to grow by approximately 20% annually, with over 300 green enterprises established and one green industry cluster created [1][3]. - By 2035, the annual growth rate of effective green technology invention patents is projected to be around 15%, with the formation of more than three green industry clusters and steady growth in green economic value added [1]. Group 2: Key Industries and Initiatives - The urban sub-center will focus on developing six key green industries, including carbon professional services, ESG professional services, green finance, green investment, future energy sectors, and synthetic biology manufacturing [4]. - The existing four green industries, such as ecological environment protection and pollution control, will be enhanced through innovation and integration with digital industries [5][6]. Group 3: Implementation Tasks - Eight key tasks will be implemented to enhance the spatial carrying capacity and resource conversion capabilities of green industries, including the establishment of the Beijing Green Technology Innovation Service Industry Park [7]. - The establishment of the Beijing International Green Technology Concept Verification Center will support core technology breakthroughs in green industries and facilitate the commercialization of research outcomes [8]. Group 4: Financial and Institutional Support - The district-level industrial fund will support green economic projects, complementing the city-level green low-carbon funds to enhance financial backing for sustainable initiatives [9]. - The development of green finance will be closely integrated with the "two zones" construction, aiming to elevate the green finance market and innovate financial products [9].

Core Viewpoint - The Fourth China International Gas Separation Industry Conference will be held from May 10 to May 13 at the Wangchao Cultural Theme Hotel in Yangzhou, providing a platform for industry professionals to discuss advancements and challenges in gas separation technology [2][10]. Transportation and Accommodation - The conference venue is located 39.45 kilometers from Yangzhou Taizhou International Airport and 7.14 kilometers from Yangzhou East Station [3]. - The main hotel for the conference is fully booked, but several nearby hotels are recommended, with prices ranging from approximately 280 to 600 yuan per night [4][6]. Conference Schedule - The conference will feature a Youth Scientist Forum on May 10, with various presentations on topics such as aluminum formate applications in gas separation and the design of microporous organic molecular sieves [12]. - The main forum on May 11 will include discussions on CCUS technology trends, porous material creation under carbon neutrality goals, and low-energy CO2 capture technologies [13]. - Specialized sessions on chemical absorption and CCUS technology applications will take place on May 12, covering topics like large-scale carbon capture innovations and CO2 adsorption conversion technologies [15]. Organizing Units - The conference is organized by DT New Materials and several supporting institutions, including universities and research institutes focused on energy and environmental technologies [10].