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The last edit to this post was made by nap2008happy on 2016-12-23 at 11:10. On December 22, our institute held a signing ceremony for a cooperation and research agreement on the \"Methane-based anaerobic production of olefins and aromatics project\" with China National Petroleum Corporation (hereinafter referred to as \"CNPC\") and Saudi Basic Industries Corporation (SABIC) at our institute. Wang Xinge, General Manager of CNPC Global; He Shengbao, Secretary of the Party Committee and Deputy Director of the Petroleum and Chemical Research Institute; An Yuxian, Director of the North Asia Region at SABIC’s Global R&D Center; Atiah S. Al-Ghamdi, Director of the Chemicals/Catalysis Technology Department; Yang Xueming, Deputy Director of our institute; Academician Bao Xinhe, who is in charge of the project; as well as relevant staff from the research team and the Science and Technology Department, attended the event. Yang Xueming, Wang Xinge, and Atiah S. Al-Ghamdi signed the cooperation and research agreement on behalf of their respective parties. The \"catalytic process for the anaerobic conversion of methane into olefins and aromatics,\" developed by Bao Xin and his research team, enables the selective activation of methane under anaerobic conditions, allowing for the efficient one-step conversion of it into high-value chemicals such as olefins, aromatics, and hydrogen. Compared to the traditional routes for natural gas conversion, this process eliminates entirely the energy-intensive and high-emission process of indirect conversion via syngas; it **shortens the process sequence, does not produce carbon dioxide during the reaction, and achieves a 100% utilization efficiency of carbon atoms**. Since its first report in the American journal Science in May 2014, researchers have conducted in-depth and systematic studies on the fundamental scientific issues underlying this process as well as on industrial technology development, achieving a series of breakthroughs in areas such as improving catalyst stability, optimizing catalyst preparation methods, and designing new reactors. In March this year, CNPC, SABIC, and my institute signed a memorandum of understanding on the application development research for this project. The signing of this cooperation and R&D agreement marks the entry of this project into a phase of substantive collaboration. It is hoped that through the sincere efforts of all three parties, the advancement of this technology from the laboratory to industrial application can be accelerated, thereby contributing to the petrochemical industry in China and around the world. This project was funded by the Chinese Academy of Sciences’ Nanotechnology Pilot Program and key projects of the National Natural Science Foundation.