External sales of industrial carbon dioxide gas from Sinopec Guangdong Petrochemical’s POX hydrogen production plant

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At noon on June 28, Kemite Gas announced that it had signed a \"Framework Agreement on the Supply and Purchase (Cooperation) of Industrial Carbon Dioxide\" with the Guangdong Petrochemical Branch of China National Petroleum Corporation and the South China Chemical Sales Branch of China National Petroleum Corporation. In accordance with the terms of the framework agreement, in order to make rational use of carbon dioxide gas, Guangdong Petrochemical plans to sell the industrial carbon dioxide gas produced by its POX hydrogen production facility, once it is put into operation, on a paid basis through South China Chemicals, to supply it for processing by the company. Specifically, the 20 million tons per year heavy oil processing project of Guangdong Petrochemical (“Integrated Refining and Chemicals Project”) is scheduled to be fully completed and put into operation in the third quarter of 2022; after its commissioning, it will emit nearly 2 million tons of industrial carbon dioxide per year. Guangdong Petrochemical plans to sell these industrial carbon dioxide gases on a paid basis through South China Chemical Sales (a subsidiary of PetroChina Company Limited’s South China Chemical Sales division), to supply them to Kemite Gas Treatment.