To deeply implement the nation’s “Dual Carbon” strategy and carry out the Group’s strategic decisions on pioneering the comprehensive utilization of biomass resources, Shennama Shares recently established a special task force dedicated to the comprehensive utilization of straw. The establishment of this task force will systematically address key technical challenges, market integration, and business model issues in the comprehensive use of agricultural waste such as straw, thereby driving the company’s green and low-carbon transformation.

The dedicated task force is led by a senior executive from Shenma Shares as the head of the leading group, with other members of the company's leadership team serving as deputy heads. They are responsible for overall project decision-making, guiding strategic direction, allocating key resources, and coordinating cross-departmental efforts. Under the leading group, seven specialized sub-groups have been established: the Technology Group, Equipment Group, Green Electricity Group, Green Certification Group, Market Group, Comprehensive Group, and Capital Operations Group. Each sub-group has clearly defined roles and works collaboratively to efficiently drive the implementation of tasks.

The technical team is responsible for comprehensively evaluating the technological pathways of biomass-to-biogas production processes, including anaerobic digestion, gasification, and liquefaction. They systematically analyze the operational performance, production costs, equipment selection, and key challenges associated with each process route, ultimately identifying production methods that are both economically viable and technically feasible.

The Equipment Team is responsible for researching and evaluating material selections for critical equipment and associated pipelines, proactively coordinating with the design institute, deeply engaging in equipment optimization design throughout the production process, efficiently addressing equipment-related challenges during project advancement, and ensuring that equipment choices are scientifically aligned and that optimized design solutions are effectively implemented.

The Green Power Team is responsible for researching the local area's wind, solar, and other renewable energy resources, as well as the grid structure and power consumption capabilities. They will coordinate with local governments and grid enterprises to explore integrated solutions that align green power supply with project production processes, strive for green power quotas and policy support, and ensure the implementation of green power supply and consumption pathways.

The Green Certification Team is responsible for researching international and domestic green certification standards and carbon footprint accounting rules. Based on evolving green certification requirements both domestically and internationally, the team actively prepares for green certification applications, ensuring that products in future projects meet the relevant standards.

The Market Group is responsible for researching the market demand, supply-demand dynamics, and pricing trends of green natural gas, green methanol, and other related products—both domestically and internationally. They analyze market needs, develop pricing mechanisms and sales strategies, and establish long-term consumption pathways for these products.

The Integrated Team is responsible for reviewing national, provincial, and municipal support policies in areas such as renewable energy, the circular economy, and agricultural waste utilization. They also assess straw collection methods, storage costs, and transportation models, while planning high-value disposal pathways for biogas residue and liquid byproducts. Additionally, the team handles routine tasks including secretarial work, meeting organization, information compilation, and logistical support.

The Capital Operations Team is responsible for researching and designing project financing and investment plans, assessing the funding requirements and structures of various investment models, and exploring the feasibility and potential pathways for project participation in environmental rights markets such as carbon emission trading.

Starting from January 1, 2026, the EU Carbon Border Adjustment Mechanism (CBAM) will officially come into effect, fundamentally driving global reforms in climate governance and reshaping international trade rules. To effectively address the compliance challenges and market access hurdles posed by the EU's CBAM, Sinopec is accelerating the implementation of a systematic carbon accounting and carbon management strategy. The company is proactively establishing a robust, dynamic carbon emission monitoring system, leveraging digital technologies such as big data and IoT to enable end-to-end carbon footprint tracking across the entire value chain. At the same time, Sinopec is speeding up its investment in green technology R&D, optimizing corporate energy consumption patterns, and expediting the company’s transition toward a greener, low-carbon future.