Shenghong Group recovers carbon dioxide from industrial exhaust gases to produce photovoltaic-grade EVA resin

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Sierbang Petrochemical, a subsidiary of Shenghong Group, and the Icelandic company specializing in carbon recycling signed an agreement in Beijing for a \"150,000-ton per year carbon dioxide capture and comprehensive utilization project\". The world’s first industrial chain project for \"carbon dioxide capture and utilization – green methanol – new energy materials\", jointly developed by China and Iceland, has been launched. The first phase of this project requires an investment of nearly 300 million yuan, and it is expected to come online in 2022. The project can recover carbon dioxide from industrial exhaust gases to produce photovoltaic-grade EVA resin, which is a key component material for photovoltaic panels; this resin is then used in photovoltaic power generation, thereby creating a new green pathway for turning carbon into a valuable resource. The project is designed to capture 150,000 tons of carbon dioxide per year, which is equivalent to the annual carbon dioxide emissions from 15 large-scale petrochemical plants. Through the advanced processing carried out by integrated upstream and downstream facilities, the recovered carbon dioxide can be turned into a valuable resource, yielding 20,000 tons of photovoltaic-grade EVA resin. These materials can be used to produce 50 million square meters of photovoltaic films; when all of these are used for photovoltaic power generation, the installed capacity can reach 5 GW, generating 6–9 billion kWh of electricity per year – an amount equivalent to the output of two 1-million-kilowatt thermal power plants in one year.