The demand for liquid carbon dioxide in China is increasing year by year
Recently, through the special auction on the online trading platform of the Dalian Petroleum Exchange, 1000 tons of liquid carbon dioxide from the Natural Gas Branch of Daqing Oil Field Co., Ltd. was finally sold at an additional price of 210 yuan per ton, realizing the first online auction of liquid carbon dioxide in China in the Dalian Free Trade Zone.
It is reported that this transaction is another important measure of Dalian Free Trade Zone in exploring the reform and innovation of market allocation of resources, and has opened up a new mode of liquid carbon dioxide trading in China.
In the context of promoting the national strategy of carbon peaking and carbon neutrality, carbon dioxide has gradually been discovered to have its potential value and role. Enterprises collect, purify, and liquefy the waste carbon dioxide generated in the production process, and the liquid carbon dioxide obtained can be widely used in various fields such as mechanical processing, chemical synthesis, and oil extraction, not only directly reducing enterprise carbon emissions,but also utilizing the commercial value of carbon dioxide to increase corporate profits.
In recent years, the demand for liquid carbon dioxide in China has increased year by year. Dalian Free Trade Zone and Dalian Petroleum Exchange seize the opportunity, to innovate and introduce new varieties of liquid carbon dioxide trading, and to transfer liquid carbon dioxide trading from traditional offline trading to online bidding trading by using online trading platform.
Compared to the traditional offline "face-to-face" negotiation trading model, the online "back-to-back" bidding trading model better reflects the principle of "efficient and standardized, fair competition, and full openness" in the national unified market, reduces intermediate links in transactions, simplifies the trading process, and maximizes the price of goods to approach market value, avoiding the risk of "buying high and selling low" between both parties, It truly reflects the role of the market in resource allocation.
Next, the Dalian Free Trade Zone will collaborate with the Dalian Petroleum Exchange to take advantage of the policy advantages of the free trade zone as a pilot. Starting from the online trading of liquid carbon dioxide, Dalian will fully leverage its advantages in the petrochemical industry, port resources, and other aspects, explore the creation of a carbon asset and carbon emission indicator trading center in the Northeast region, and help achieve the national "dual carbon" goal.
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