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On September 25, the 100,000-ton-per-year facility for converting carbon dioxide into green methanol, which represents a key component of the green negative-carbon industry chain project developed by Shenghong Petrochemical – namely the \"Carbon Dioxide Capture and Utilization – Green Methanol – New Energy Materials\" project – was officially put into operation in Xuwei, Lianyungang. At the commissioning ceremony, Shenghong Petrochemical officially released the industry’s first \"White Paper on Green and Carbon-Neutral Industrial Chains.\" This document aims to provide a model based on Shenghong’s various innovative practices in the sustainable utilization of carbon dioxide, offering a reference for the green transformation of the industry. Negative carbon refers to a situation in which the amount of carbon dioxide reduced during production or use exceeds the amount emitted. At present, China’s petrochemical industry is entering a critical phase of high-quality and low-carbon transformation. Against the backdrop of the \"dual carbon\" goals, it has become particularly urgent and significant to develop disruptive and innovative green, low-carbon technologies. Among them, negative carbon technologies aim to reduce carbon emissions by capturing and utilizing carbon dioxide, and are expected to become an important means of achieving carbon neutrality. As a leader in the industry, Shenghong Petrochemical, driven by a strong sense of responsibility to pave the way for high-quality development in this sector, was the first in the industry to pursue a transformation toward new energy and new materials. It has focused on green technologies related to low-carbon, zero-carbon, and negative-carbon concepts, and has innovated to create the world’s first green-negative-carbon industrial chain. By capturing carbon dioxide from waste gases from production facilities, it transforms carbon into valuable resources for the production of new energy and new materials. It not only achieves greening at the source but also changes the way raw materials are sourced downstream. It is in line with current **environmental protection policies as well as the global trend toward carbon reduction. As a model project for green negative-carbon industry chains, the carbon dioxide-to-green methanol plant of Shenghong Petrochemical utilizes the internationally advanced ETL patented technology. It is designed to absorb 150,000 tons of carbon dioxide per year, and by combining it with green hydrogen, it can produce 100,000 tons of green methanol per year, which can then be used to manufacture materials for photovoltaic new energy applications. Compared to traditional afforestation, this device has a stronger ability to absorb carbon dioxide by \"simulating photosynthesis,\" with a recovery and conversion rate of up to 100% ； At the same time, it can indirectly reduce carbon dioxide emissions by 550,000 tons per year, which is equivalent to the area covered by 37,000 hectares of forest – or 370 square kilometers of land. This has positive implications and a significant benchmark effect in terms of reducing carbon emissions, improving the ecological environment, and expanding the green industry chain. Building on this, Shenghong Petrochemical makes full use of its innovative advantages as a leading enterprise in the industry to convert carbon dioxide into solvents for new energy battery electrolytes, engineering plastics, and high-end ester materials. At present, several million-ton-scale new material and green energy projects at Shenghong Petrochemical are being advanced in an orderly manner. These projects will enable the replacement of traditional energy sources with high carbon emissions, as well as the conversion of carbon dioxide into chemical products, in various fields such as solar energy, wind energy, new energy batteries, special engineering plastics, and high-end ester-based new materials. At present, Lianyungang is making vigorous efforts to transform its energy structure, with green energy sectors such as photovoltaic, wind, and nuclear power developing side by side, thereby providing a solid foundation for the development of a green hydrogen industry chain. Over the years, Shenghong Petrochemical has consistently focused on its core raw material platform, emphasizing differentiation and scale, while developing a complete industrial chain for high-end new materials. By integrating into the green hydrogen industry chain, Shenghong Petrochemical can, through the integration of innovation chains and industry chains, pursue a path of innovative development featuring a diversified \"1+N\" model of \"core platforms + new energy and new materials\", thereby achieving high-quality development that is green and low-carbon across the entire industry chain. Only by respecting the green mountains can one reap golden riches. Facing the new era, new concepts, new patterns, and new requirements, Shenghong will focus on its strategic directions and the goals related to carbon neutrality. It will unswervingly pursue a development path characterized by innovation-driven progress, emphasis on ecology, and green and low-carbon practices. The company will accelerate its development in the fields of new energy and new materials, so as to make greater contributions to achieving the carbon neutrality goals and promoting a comprehensive green transformation of socioeconomic development