Company News

Yesterday, a delegation of four from China National Petroleum Corporation (CNPC) visited Jiahaisen for exchange and cooperation.

China Petroleum International Co., Ltd. is a wholly-owned subsidiary of China National Petroleum Corporation, responsible for coordinating and optimizing the group's overseas import and export transactions, as well as domestic and international carbon asset management. The company has more than 50 branch offices in over 20 countries and regions worldwide, with business covering more than 80 countries and regions, and enjoys a good reputation in the international energy market.

The communication team of PetroChina is led by Gu Shanshan, Senior Director of Carbon Trading, and Zhang Yu, Business Manager of Carbon Trading. The team has rich industry experience and profound professional knowledge in the field of carbon trading. Wu Zhendong, CEO of Jiahaisen, and relevant personnel of the company warmly received them. Both sides conducted in-depth and detailed discussions on domestic and international voluntary greenhouse gas emission reduction trading, domestic carbon emission trading, and domestic and international carbon asset development. PetroChina highly recognizes Jiahaisen's resources and strength in the above aspects. Both parties have reached a consensus on cooperation related to the current carbon asset buyout and carbon futures lock up, which opens up a good beginning for deeper cooperation in the future and also marks Jiahaisen's further diversification of terminal trading methods in the field of carbon asset development.

Subsequently, both parties went to Xinxiang Financial Island. Leaders from Xinxiang Hongqi District Government, Xinxiang State owned Capital Operation Group Co., Ltd., and Henan Shuzhigu Technology Group Co., Ltd. warmly welcomed the arrival of China Petroleum International Co., Ltd. The three parties held a "Xinxiang Carbon Peak Implementation Path and Carbon Asset Cooperation Seminar" in the Financial Island meeting room, where they had detailed communication and exchanges on cooperation in ecological carbon sink realization and carbon finance construction in Xinxiang's forestry and high standard farmland in Zhongyuan Agricultural Valley. The three parties reached a preliminary cooperation intention on the above matters.

Jiahaisen's parent company, Hong Kong International Carbon Asset Group, reached an intention to attract overseas investment with Xinxiang City in Henan Province in Hong Kong in 2023, led by the Governor of Henan Province, Wang Kai, and successfully signed a city wide cooperation agreement to provide comprehensive low-carbon services including carbon market capacity building, carbon inventory, quota carbon asset management, emission reduction carbon asset management, and carbon finance to the Xinxiang Municipal Government. It has become the first comprehensive service provider in the field of carbon neutrality introduced by the government overseas in China.

As one of the first pilot cities for carbon peak in China, Xinxiang City will work together with PetroChina to empower the development of dual carbon industries such as carbon market construction and carbon finance in Xinxiang City, and help accelerate the growth of the carbon market in northern Henan Province and even the whole country.