China Petroleum & Chemical Corporation (Sinopec) has announced the launch of the Energy and Chemical Industry Chain Carbon Footprint Alliance in Beijing, alongside eight leading Chinese energy and chemical companies including CNPC and CNOOC. This new alliance aims to revolutionise carbon footprint management within the sector by developing an advanced carbon footprint calculation mechanism and establishing a management system by 2027.
The alliance has committed to creating a high-quality platform for sharing technical expertise and fostering cooperation among its members. By 2027, it plans to develop carbon footprint accounting standards for 20 key products and construct a localised product carbon footprint factor database. This initiative is intended to facilitate international exchange and mutual recognition of standards, significantly enhancing global climate governance efforts.
China has set carbon footprint management as a top priority, having mapped out a plan to set up a comprehensive system designed to calculate, evaluate, and certify key product carbon footprints in the next few years.
Wan Tao, Deputy General Manager of Sinopec, said that the company promotes the development of clean fossil fuels while expanding renewable energy use and carbon reduction in manufacturing processes. Together with alliance members, Sinopec aims to enhance collaboration, share information, and consolidate resources to establish a carbon footprint management system, steering the industry toward green and low-carbon development.