China Huaneng Group Co., Ltd., abbreviated as CHNG or Huaneng Group, is one of the five largest state-owned electricity generation enterprises in China, administered by the State-owned Assets Supervision and Administration Commission of the State Council.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: China Huaneng Group identifies CCUS as a crucial technology for reducing carbon emissions and achieving near-zero emissions for coal-fired power generation. It is a key component of their strategy to mitigate climate change impacts.
- Investments and Developments: The company has invested in international CCUS projects, such as the partnership with Glencore in Australia’s Surat Basin, which aims to build a high-quality carbon capture and storage project.
- Technological Collaboration: Huaneng collaborates with international partners to advance CCUS technology and enhance its implementation, showcasing projects like the Millmerran power station initiative.
Sustainability and Green Initiatives
- Emission Reduction Goals: China Huaneng aims to achieve peak carbon emissions by 2030 and carbon neutrality by 2060. They are implementing strategies to reduce greenhouse gas emissions and promote energy efficiency.
- Greenhouse Gas Regulations and Policies: The company supports policies and regulatory frameworks that drive sustainability and emission reductions, aligning with national and international climate goals.
- Energy Transition Strategy: Huaneng is investing in renewable energy projects, including wind and solar power, and advancing hydrogen production technology, as demonstrated by their electrolytic water hydrogen production systems.
Key Takeaways
- China Huaneng Group is committed to achieving carbon neutrality by 2060 through significant investments in CCUS, renewable energy, and hydrogen production technologies.
- The company is actively working to reduce its carbon footprint and support global efforts to combat climate change.
- Collaboration with international partners, governments, and communities is central to Huaneng's sustainability strategy, ensuring the successful implementation of their green initiatives.
Website:
https://www.chng.com.cn/en/companyoverview.html
10-K Report:
N/A
Sustainability Report:
https://www.chng.com.cn/en/documents/816545/837789/3cdbdd89-c975-457e-9f6f-76d370e1e855.pdf
