中化新网讯 近日，智利北部梅希约内斯的绿色氨开发项目"伏打计划"正式获得环境许可，标志着该项 目正式获批。该项目总投资额达25亿美元，由智利本土企业梅希约内斯氨能源公司开发，计划分两期建 设，每期年产31万吨绿色氨，最终形成年产62万吨的生产规模。 项目预计将于2027年开始建设，2029年投入商业运营。项目完全投产后，每年将减少超过100万吨二氧 化碳排放。该项目还将配套建设一座600兆瓦的太阳能电站及储能系统，并将全部利用目前排放入海的 梅希约内斯市废水。选址所在地太阳能资源丰富，且靠近智利主要矿区，有助于推动国内绿色氨需求。 该设施是智利首个完成全部许可审批程序的工业规模绿色氨项目。 ...

这一项目标志着可再生能源与化工生产耦合技术的重要突破，为未来绿色燃料的大规模商业化生产提供 了创新解决方案，展示了动态调整生产以适应可再生能源波动的可行性。 中化新网讯 近日，由丹麦斯科高能源、托普索和维斯塔斯三家公司合作建设的全球首个动态绿色氨工 厂已正式投运。该示范项目位于丹麦雷姆地区，年产绿色氨5000吨，每年可减少约9600吨二氧化碳排 放。 该工厂采用创新性的动态运行模式，能够直接耦合可再生能源电力，并根据风电、光伏发电的波动性， 自动调节电解制氢与氨合成系统的运行状态。这种设计避免了昂贵的氢气或电力储存需求，提升了绿色 氨生产的经济性。工厂电力供应来自50兆瓦新建太阳能电池板和12兆瓦现有维斯塔斯V80-2.0兆瓦风力 发电机。该项目已获得丹麦能源技术开发与示范计划约1100万欧元的资金支持。 ...

英国《金融时报》12月22日发表的一篇报道指出，中国正凭借绿色技术领域的主导优势，在全球清洁燃 料竞争中抢占先机，开启绿色革命的新阶段。 报道称，尽管清洁燃料技术仍处于发展阶段，但中国正依托丰富且低成本的可再生能源与生物燃料，助 力庞大的工业部门进一步实现脱碳。中国企业正积极布局，为主导全球清洁技术供应链奠定基础。业界 普遍预期，随着规模化生产推进，清洁燃料成本将逐步下降，这一趋势与此前太阳能电池板成本的下降 轨迹相似。 作为重要的清洁燃料之一，绿色氨以可再生能源为动力生产，具有能源密度高、易于储存和运输等优 势，除传统工业用途外，未来若应用于航运和发电领域，市场需求有望进一步增长。与此同时，甲醇等 其他清洁燃料也被视为航运业降低传统燃油依赖的可行途径，相关领域的绿色转型进程正在推进。 数据显示，中国当前处于运营或已落实资金的商业化规模清洁工业项目数量远超美国，在全球范围内占 据显著优势。包括可再生能源制造龙头企业在内的众多中国企业，已纷纷启动清洁燃料与化工业务布 局，覆盖氨、甲醇及航空燃料等多个领域。 外媒注意到，今年全球完成最终投资决策的清洁工业项目中，超过半数位于中国。中国开发者对未来绿 色能源发展有着 ...

大会还发布了《船用燃料生命周期温室气体强度计算方法》和《船舶年度达到的燃料温室气体强度核验 方法》两项团体标准，将为航运企业低碳转型提供统一量化标尺，也为全球碳治理提供"中国方案"。 11月17日，以"破壁迎变.共促可持续发展"为主题的2025世界航商大会在中国香港开幕。会上，由招商 局工业集团控股企业华商能源科技股份有限公司与上下游产业链联合发起的"国际绿色燃料联盟"(IGFA) 举行成立启动仪式，首批30余家全球产业机构正式合力共建航运脱碳生态圈。 据了解，由于不同国家和地区能源结构、技术水平、政策机制与市场成熟度差异等原因，绿色燃料产业 的发展仍面临着标准不统一、体系不互认、市场机制不完善、产消对接不充分等结构性挑战。国际绿色 燃料联盟的成立有望应对这些挑战。 联盟将依托港澳战略枢纽地位，共同攻坚破解绿色燃料产业"标准不互认、产需不对接、金融工具缺 失"三大瓶颈。下一步，联盟计划搭建绿色燃料产业信息交互平台，研究和辅助绿色燃料产业政策制 定，牵引绿色燃料示范项目协同和创新，参与制定绿色燃料行业标准和规则，促进绿色金融与碳市场创 新联动，助力香港成为国际绿色燃料贸易中心。 《全球航运公司净零路径实践指南》 ...

Core Insights - The G20 Chief Scientific Advisors Roundtable and Science Ministers Meeting took place from September 21 to 24 in South Africa, serving as a significant platform for promoting technological innovation and green transformation [1] - The meeting's theme focused on "Equitable Science, Technology, and Innovation for Inclusive Human Development and Global Sustainability," emphasizing hydrogen innovation and green transition [1] Group 1: Technological Cooperation - South African experts believe that Sino-African technological cooperation is becoming a new highlight in promoting global green development [1] - South Africa is transitioning to a green economy, primarily relying on solar and wind energy, which is expected to create numerous jobs [1] - Collaboration projects exist between South African institutions and several Chinese universities in the technology sector [1] Group 2: Energy and Health Research - The South African Minister of Science and Innovation highlighted ongoing research in hydrogen energy, fuel cells, and green ammonia [1] - In the health sector, South Africa has established a foundation for vaccine production, addressing local needs [1] - There is extensive international cooperation with China across various fields, including the installation of China's Beidou navigation system in South Africa [1]

Group 1: Automotive Industry - Six departments, including the Ministry of Industry and Information Technology, have launched a three-month special rectification action to address online chaos in the automotive industry, focusing on illegal profit-making, exaggerated and false advertising, and malicious attacks [2][3] - The initiative aims to enhance the effectiveness of handling online issues related to automotive companies and promote a healthy marketing environment to support high-quality development in the automotive sector [2] Group 2: M&A Activity in the Sci-Tech Sector - Since August, the Sci-Tech Innovation Board has disclosed 15 new M&A transactions with a total value exceeding 2.4 billion yuan, half of which are significant asset restructurings involving stock issuance or cash [4] - From 2025 onwards, a total of 73 M&A transactions have been disclosed on the Sci-Tech Innovation Board, with 24 involving stock or convertible bonds and 7 significant cash transactions [4] - Following the release of measures to deepen reforms on the Sci-Tech Innovation Board, 134 M&A transactions have been disclosed, with 80 successfully completed [4] Group 3: Company News - Tianpu Co., Ltd. has experienced a continuous trading suspension due to abnormal stock fluctuations, with a cumulative increase of 185.29% from August 22 to September 10 [5] - Dongyangguang announced a joint investment of 3.5 billion yuan with an affiliate to increase capital in Yichang Dongshu No. 1 Investment Co., Ltd., and plans to acquire 100% equity of Qinhuai Data's China operations for 28 billion yuan [5] - BYD's senior executives have collectively increased their holdings in the company by 523.78 million yuan through stock purchases [6] - Daikin Heavy Industries signed a long-term production lock agreement for offshore wind power infrastructure with a foreign developer, securing a manufacturing capacity of up to 400,000 tons and receiving a lock-in fee of 14 million euros [7] - Zhujiang Co. plans to sell shares in various companies, potentially generating over 50% of its audited net profit from the sale [8]

Summary of China Tianying's Conference Call Company Overview - **Company**: China Tianying - **Industry**: Waste-to-energy and renewable energy Key Points Financial Performance - In 2024, China Tianying achieved revenue of **56.67 billion RMB**, a **6.46%** increase year-on-year, but net profit attributable to shareholders was **2.8 billion RMB**, a **16.99%** decrease year-on-year. Excluding a one-time tax payment of **1.83 billion RMB**, net profit would have increased by **37.41%** to **4.63 billion RMB** [2][4] - In Q1 2025, revenue was **12.06 billion RMB**, a **3.64%** decrease year-on-year, with net profit down **47.63%** to **1.06 billion RMB**. This decline was attributed to delays in overseas EPC project revenue recognition, increased financial costs due to new energy project financing, and the expiration of tax incentives [2][5] Business Segments - In Q1 2025, the waste-to-energy segment accounted for approximately **50%** of total revenue with a gross margin of **47%**. The urban environmental services segment contributed about **35%** of revenue with a gross margin of **24%** [2][7] - The company is focusing on expanding its overseas waste-to-energy projects in regions such as Southeast Asia, Europe, and Latin America, leveraging its first-mover advantage [2][6] Strategic Initiatives - China Tianying is pursuing a dual circulation development strategy, emphasizing both domestic and international markets. The company has signed a strategic cooperation agreement with Suez Group to advance EPC projects [2][6] - The company is also advancing hydrogen energy projects, having secured nearly **10GW** of wind and solar capacity for hydrogen production [2][6] Market Dynamics - The global trade environment and foreign exchange risks are impacting the company's profit margins. The company is monitoring currency fluctuations and implementing hedging strategies [2][8] - The demand for hydrogen is projected to exceed **20 million tons** by 2030, with China Tianying positioned to capitalize on this growth through its rapid project advancements in off-grid hydrogen production [2][9] Cost and Pricing Trends - The production cost of green hydrogen at the Liao Yuan project is approximately **15 RMB per kg**, with expectations for further cost reductions as technology improves [3][16] - The price of green methanol is anticipated to exceed **1,000 Euros per ton** from 2025 to 2030, driven by compliance requirements and market demand [12] Collaborations and Projects - China Tianying is collaborating with shipping companies and traders like Maersk and BP to develop green fuel solutions, including projects in Jilin and Heilongjiang for green methanol and RNG [13][34] - The company is also exploring the integration of waste-to-energy with data centers to enhance profitability and meet energy demands in high-consumption areas [24][25] Future Outlook - The company expects to see significant growth in revenue and profits from its overseas projects and the integration of waste-to-energy with data centers. The anticipated implementation of carbon tariffs in Europe is expected to create additional high-visibility orders [11][22][23] - China Tianying is committed to improving its financial structure and efficiency in receivables management to address challenges related to accounts receivable [26][30] Conclusion - Despite facing challenges in 2024, China Tianying is poised for growth in 2025, driven by its waste-to-energy and renewable energy initiatives. The company is well-positioned to leverage its strategic partnerships and market opportunities in the evolving energy landscape [35]