在江苏连云港徐圩港口，伴随着"咔哒"一声脆响，粗壮的输油臂与船载储罐精准对接。在低沉的泵送轰 鸣与清晰的口令声中，液氨以精确控制的流速，通过保温管道注入液氨运输船的专用储罐。装载完毕 后，这艘承载着"绿色新石油"的巨轮解缆启航，驶向韩国——全球首船绿氨正式出海，一条可再生能 源"海上绿色通道"由此打通。 近日，远景首船绿氨正式出海启航，从赤峰工厂出发，经连云港港口，最终运送至全球特种化学品巨头 韩国乐天精密化学(LOTTE Fine Chemical)。此次交付成功验证了从"绿电制氢合成氨"到"储运报 关"至"国际海运"的端到端全链路，标志着远景打通绿氨生产到应用的完整价值链，开启"绿色新石 油"参与全球零碳贸易的新时代。 远景赤峰零碳产业园不仅是全球最大的绿色氢氨产业基地，也是全球最大的100%可再生能源电力系 统，通过物理AI智能调度的风电、光伏生产绿氢并合成液氨。在赤峰海关的大力支持下，项目团队快 速完成液氨的属地法检、电子底账申请并疏通出口通关流程，保障首船货物的顺利交付。 远景能源高级副总裁、首席产品官娄益民指出，"这艘船承载的不仅是绿氨，更是我们对'人类可持续未 来'的承诺。此次首航成功，证明远景 ...

当丹麦马士基集团的集装箱巨轮准备加注第一滴中国绿氨，当上海港的湿垃圾变身航空燃料飞向欧洲， 这不是科幻场景，而是2025年中国能源革命的真实切片。 绿色氢氨醇，这个曾经陌生的化学组合，正在成为全球能源转型的"终极答案"。 它既是风光弃电的"蓄水池"，又是钢铁航运的"脱碳剂"，更是中国重塑全球能源话语权的新筹码。 一场静默的产业海啸，已然来临。 01. 政策"组合拳" 从蓝图到施工图的速度战 中国氢能政策的演进速度，堪称产业政策的"深圳速度"。 2024年7月，中央定调"制储输用"全链条发展，看似常规的顶层设计，实则为后续风暴埋下伏笔。 短短三个月后，国家发改委、能源局联合"亮剑"。《关于大力实施可再生能源替代行动的指导意见》 首次明确：合成氨必须用低碳氢，风光氢氨醇一体化基地要建起来。 这意味着，传统煤制氨的"舒适区"被正式打破。 更具杀伤力的是2024年6月的"煤电改造令"：到2027年，所有改造后的煤电机组必须能掺烧10%以上绿 氨。 你别小看这10%，它直接创造了数千万吨级的绿氨刚需市场，相当于给产业发了一张" guaranteed purchase order"（保底订单）。 2025年的政策精准度更 ...

中信建投：看好顺周期板块行情 重点看好重资产行业困境反转机会：一是通胀预期升温，PPI持续修复，大宗商品价格上行，利好重资 产企业资产负债表修复；二是化工、建材等行业历经产能出清，叠加反内卷政策控增量、稳价格，行业 盈利修复动力增强；三是一线城市地产逐步企稳，有望带动内需与产业链需求回暖。综合转债估值与行 业逻辑，建议重点关注化工、建材、电力设备板块。 光大证券：碳排放双控转型推动碳成本重估，看好绿电的非电应用 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 智通财经2月27日讯，昨日，市场探底回升，三大指数涨跌不一，创业板指盘中一度跌超1%，黄白线分 化。沪深两市成交额2.54万亿。从板块来看，算力硬件方向涨幅居前，PCB、CPO、液冷服务器、算力 芯片概念均表现强势，电力板块走强，燃气轮机概念集体大涨。下跌方面，影视院线、保险、房地产等 板块跌幅居前。截至收盘，沪指跌0.01%，深成指涨0.19%，创业板指跌0.29%。 在今日券商晨会上，华泰证券认为，全球燃机新签订单有望实现双位数同比增速；中信建投认为，看好 顺周期板块行情；光大证券认为，碳排放双控转型推动碳成本重估，看好绿电 ...

绿氢是绿电的核心非电应用，是碳双控政策转向的受益方向 在钢铁(氢冶金)、化工(绿氨、绿甲醇)行业，绿氢可替代煤炭或天然气作为还原剂或原料。绿氢还可作 为绿电的储能方式，是绿电实现长时储存、跨地域运输和非电应用的大规模方案。在"十五五"碳双控代 替能耗双控的政策框架下，绿电不计入能耗考核，拥有绿氢配额或使用绿氢的企业不占用碳指标审批额 度。 综合考虑下游支付溢价能力、替代经济性等因素，航运燃料绿醇、储氢固碳绿氨、氢冶金领域的非电应 用有望受益 绿氢是能量源与下游应用降本的核心，而绿氨是绿氢理想的运输载体，绿醇是绿氢在航运领域的最佳载 体。随着新能源度电成本的下降和电解槽技术的迭代，绿氢正在逼近与灰氢的平价点，从而推动绿醇、 绿氨的应用降本。当前时点支付溢价动力最强的是航运领域的全球龙头企业(马士基等)，此外面向欧洲 市场的高端化工巨头(巴斯夫等)在欧盟EU ETS政策收紧和自身碳中和转型承诺的加持下对绿色甲醇同 样有较强的需求。 智通财经APP获悉，光大证券发布研究报告称，在全球能源转型进入深水区的当下，过去十年的主题是 绿电替代火电逻辑下风光装机的增长，那么未来十年的核心逻辑将是绿电的"非电化应用"——即通过 ...

环境成本将显性化为碳成本，嵌入工业品定价。具备"负碳"或"低碳"属性的 资产（绿铝、绿氢氨醇、零碳园区等）将获得绿色溢价；而高碳资产（工艺落后 的火电、钢铁、水泥、电解铝等）将面临利润的侵蚀。 2026 年 2 月 26 日 行业研究 碳排放双控转型推动碳成本重估，看好绿电的非电应用 ——碳中和深度报告（十四） 要点 在全球能源转型进入深水区的当下，过去十年的主题是绿电替代火电逻辑下风光 装机的增长，那么未来十年的核心逻辑将是绿电的"非电化应用"——即通过绿 氢、绿氨、绿醇等载体，将不稳定的可再生能源转化为稳定的工业原料和热能， 从而解决钢铁、化工、航运等行业的脱碳难题。 国内从"能耗双控"向"碳排放双控"的考核机制转变，使得高能耗不再是发展 的红线，高碳排才是；欧盟碳边境调节机制（CBAM）的实质性落地，迫使中国 出口型制造企业必须寻找绿电之外的脱碳路径。这种剪刀差效应将催生出巨大的 "绿电转化"市场。我们判断，2026-2030 年将是绿氢氨醇从工程示范走向平价 商业化的关键窗口期。 绿氢是绿电的核心非电应用，是碳双控政策转向的受益方向。在钢铁（氢冶金）、 化工（绿氨、绿甲醇）行业，绿氢可替代煤炭或天然气 ...

氢氨肥闭环消纳流程是一种将绿氢、绿氨和绿色肥料生产相结合的绿色循环经济模式，旨在实现资源高 效利用和碳排放最小化。它的原理是通过新能源电力驱动电解槽工作，产生大量的绿氢，再与空气分离 装置将氢气与氮气合成绿氨，液氨经过一定比例的稀释后，与有机肥形成液态含氮有机肥，供当地农业 施用。氢氨肥闭环产业链的建立，将充分利用风光富集地区的绿电资源，实现能源的高效消纳。 2024年7月，国家发展改革委、国家能源局发布关于印发《煤电低碳化改造建设行动方案(2024—2027 年)》提出利用合成绿氨，实施燃煤机组掺烧绿氨发电，替代部分燃煤。为火电厂提供掺氨降碳构建协 同消纳新型电力系统的市场需求，实现液氨的本地化消纳应用。同时，可将过剩的绿氢与绿氨可利用液 氨储罐或者地下岩穴等储能设备储存，作为储能调峰的备用能源，调节新能源发电的不稳定性，最终形 成"氢-氨-肥"这一绿色闭环的电力消纳体系。 重视新能源市场资产管理，开拓能源资产新模式 "十五五"时期，我国发展环境面临深刻复杂的变化，能源的战略定位，既是保障发展的重要要素，更是 牵引发展、实现强国目标的创新方向。一方面，新能源全面入市颠覆了固定电价时代的收益测算模型， 电价波 ...

Core Viewpoint - The Songyuan Petrochemical Industrial Circular Economy Park is advancing its development strategy focused on green energy and zero-carbon initiatives, aiming to establish itself as a national-level zero-carbon park and a benchmark for high-quality development in the regional energy and chemical industry [1][8]. Group 1: Development Strategy - During the "14th Five-Year Plan" period, Songyuan City will implement the "1145" development strategy, positioning itself as a "National Comprehensive Demonstration Zone for Green Energy" and promoting the construction of a national-level zero-carbon park [1]. - The park aims to achieve a modern industrial system centered on green chemicals, new materials, and new energy, focusing on the integration of "green electricity + green hydrogen + green chemicals" and "green metallurgy + equipment manufacturing" [1][8]. Group 2: Zero-Carbon Achievements - Since 2021, the park has received seven significant qualifications, including being the first green electricity demonstration zone in Northeast China and a low electricity price demonstration zone [3]. - The park's renewable energy capacity includes one-third of the province's wind and solar power, with a total installed capacity exceeding 10 million kilowatts within a 100-kilometer radius [3]. - Currently, 14 industrial enterprises have settled in the zero-carbon park, with a total industrial output value of 1.816 billion yuan and a carbon emission total of 99,000 tons [3][4]. Group 3: Green Electricity Supply - To address the challenges of power generation and consumption, the park has established a new energy consumption system that allows green electricity to be directly supplied to chemical production facilities [4]. - The park has implemented a long-term power purchase agreement model between chemical enterprises and renewable energy producers, significantly reducing intermediary costs and ensuring stable green electricity supply [4]. Group 4: Green Hydrogen Integration - The park is focusing on the full chain of green hydrogen production, storage, transportation, and utilization, with the "Qing Hydrogen No. 1" project producing 45,000 tons of green hydrogen annually, which is about 20% of China's current green hydrogen production [7]. - The park aims to produce 420,000 tons of green hydrogen and 760,000 tons of green ammonia annually once all related projects are operational, contributing to significant reductions in carbon emissions [7]. Group 5: Future Goals - By 2030, the park aims to achieve near-zero carbon emissions and ensure that clean energy consumption accounts for over 95% of total energy use [8]. - The park's zero-carbon initiatives are positioned as a core engine for the green transformation of Songyuan's economy and a model for energy revolution and industrial upgrading in Jilin Province [8].

Core Viewpoint - China Chemical announced a total of 593 signed projects with a contract value of 36.925 billion yuan for January 2026, indicating strong growth in the chemical engineering sector [2]. Group 1: Project Overview - In 2025, China Chemical achieved a record total of 4,760 signed projects with a total contract value of 403.662 billion yuan, up from 366.940 billion yuan in 2024 [2]. - The domestic contract value was 279.145 billion yuan, while the overseas contract value reached 124.517 billion yuan [2]. - The company reported sales of 10.578 billion yuan in industrial and new materials [2]. Group 2: Major Contracts - Significant contracts exceeding 500 million yuan include 10 major projects, such as: - 1.3294 billion yuan for the green hydrogen biomass coupling green methanol project by Jiyuan (Siping) Green Energy Co., Ltd. [2]. - 1.2005 billion yuan for the bioenzyme catalysis new materials project by Yongnong Biological Science Co., Ltd. [2]. - 816 million yuan for the smart hydrogen energy industrial park project by Xinjiang Zhuofite Hydrogen Energy Technology Co., Ltd. [2]. - 700.1 million yuan for the coal-based high-end new materials project by Ningxia Carbon New Science and Technology Co., Ltd. [2]. - 520 million yuan for the environmental upgrade and efficiency enhancement project by Sichuan Yongying New Materials Co., Ltd. [2]. Group 3: Notable Projects in Chemical New Materials - In 2025, there were 115 major projects with contracts exceeding 500 million yuan, including 54 in the chemical new materials sector [3]. - Notable projects include: - The Nigeria MIPL fertilizer project EPC contract valued at 15.165 billion yuan [3]. - The Namibia Haifen green hydrogen (green ammonia) project valued at 14.345 billion yuan, which is set to become the world's largest green ammonia project with an annual production capacity of 2.4 million tons by 2029 [3].

中新网长春2月13日电 (记者李彦国)记者13日从吉林省能源局获悉，截至2025年底，该省风光装机2607 万千瓦，"十四五"新增装机规模是"十三五"的3.6倍，风光发电量占总发电量比例达到36.6%，较"十三 五"末期提升约19个百分点。2024年该省非水可再生能源电力消纳责任权重31.6%，位列全国第二，带 动能源领域投资连续两年超过千亿元。 吉林省能源局绿色能源转化处副处长吴大兵介绍，目前，国电投大安项目运行稳定，预计上半年可出口 欧盟，实现绿色溢价；上海电气洮南项目已将生产的绿色甲醇运抵上海港，率先实现"吉醇入沪"；中能 建松原项目投产至今累计产出绿氨1万余吨，形成了"绿电—绿氢—绿氨"的自主创新解决方案。 吉林省还积极探索新能源直供模式，配套80%自发自用、20%余电上网，有效破解企业用能成本与绿电 消纳痛点，电力现货市场实现连续结算试运行，同时接续下放"绿电+"指标分配权，地方自主谋划项目 规模超千万千瓦，让更多企业共享新能源发展红利。 （文章来源：中国新闻网） 据悉，"吉电入京"特高压通道已成功纳规，是"十四五"全国唯一非沙戈荒电源基地外送通道，目前已进 入可研核准阶段。东北首座10万千瓦光热电 ...

Core Viewpoint - Key events for Goldwind Technology in 2026 include financial reports, regulatory investigations, business progress, and investment milestones, with specific timelines subject to change based on official disclosures from the company [1] Financial Performance - The company is scheduled to disclose its 2025 annual report on March 28, 2026, which will include full-year financial data and business details [2] Regulatory Situation - The European Commission initiated an in-depth investigation into Goldwind Technology on February 4, 2026, under the Foreign Subsidies Regulation, focusing on whether government subsidies distort market competition. The investigation is expected to last until autumn 2027 [3] - On February 10, the company announced it would provide performance guarantees for its Italian subsidiary, signaling normal business operations [3] Company Status - Goldwind Technology's stake in Landspace Technology was accepted for IPO on the Sci-Tech Innovation Board as of December 31, 2025. As the sixth-largest shareholder, the company holds approximately 4.14% of shares. The progress of the IPO review and listing may impact valuation [4] Business Progress - The first phase of the green methanol project in Xingan League, with a capacity of 250,000 tons, has been put into production and is expected to reach full capacity by the second quarter of 2026. The company has signed supply agreements with shipping giants like Maersk, which is anticipated to contribute to performance growth starting in 2026 [5] Project Advancement - The wind-solar hydrogen production project in Urat Front Banner received pre-approval from the Inner Mongolia Energy Bureau in January 2026, with a total investment of 18.92 billion yuan. The project plans to build 3GW of wind power capacity to support green hydrogen production and green ammonia, implemented in two phases. Future construction progress will be closely monitored [6]