China’s first online bidding transaction for liquid CO2 was completed

Thread Content

China’s first online bidding transaction for liquid CO2 was completed at 9:01 on April 27. After several rounds of intense bidding by three online buyers, 1,000 tons of liquid CO2 from the Natural Gas Branch of Daqing Oilfield was sold at a price of 210 yuan per ton more than the initial bid price. This marks the first time in China that online spot bidding trading for liquid CO2 has been carried out, thanks to the Liaohe Oil Field’s utilization of the Dalian Petroleum Exchange to create the first online trading platform for petroleum and petrochemical products in the Northeast region. 　　It is understood that the demand for liquid CO2 in our country is on the rise year by year, and this online spot trading has opened up new channels for the trading of liquid CO2. 　　“The Dalian Petroleum Exchange is affiliated with the Liaohe Oil Field, and it is the only trading platform in China’s petroleum industry that has the authority to conduct online spot trading of petroleum and petrochemical products. In recent years, relying on the abundant oil and gas resources in the Northeast region as well as the Dalian petrochemical industry cluster, the Dalian Petroleum Exchange has made full use of the advantages of ’Internet + spot trading’ to transform the traditional offline trading model for oil and petrochemical products. ”Su Qilong, manager of the Dalian Petroleum Exchange, explained. 　　It is understood that seven oil and gas field companies, including the Daqing Oil Field, Changqing Oil Field, Xinjiang Oil Field, and Tarim Oil Field, sell products such as market-based crude oil, calcined coke, stable light hydrocarbons, and liquid CO2 at the Dalian Petroleum Exchange. To date, the Dalian Petroleum Exchange has carried out 402 online transactions of petroleum and petrochemical products, with a total trading volume of 1.848 million tons. (Zhang Yifeng, Yang Shilong)