Which is initially fermented at the industrial level, and is gradually reflected in food, clothing, housing, and transportation. The Russian-Ukrainian war is like a trigger point, setting off a price pressure cooker in advance. "When manufacturers try to reduce carbon dioxide emissions, the production costs of products rise, which is green inflation," explained Wu Daren. Country carbon tax implementation overview v2 photo-3 Photo Credit: provided by Sinosteel Sinosteel tempering co-production is one of the carbon capture index plans. The yellow and gray pressure swing adsorption towers will capture carbon monoxide and carbon dioxide in converter gas and blast furnace gas in the future.
Downstream petrochemical job email list plants jointly create a secret weapon for low-carbon green petrochemical products. Changes in energy structure and the end of the Russian-Ukrainian war Whether Taiwan can escape green inflation must first examine its energy structure. In recent years, in order to reduce carbon emissions, Taipower has cooperated with policies to convert coal-fired power plants into gas-fired units. Prices seem to be calm, and electricity prices have experienced the longest consecutive seven freezes in history. A straw, the international fuel prices skyrocketed, Taipower and CNPC suffered more losses, and finally the electricity price had to be "thawed", with an average increase of 8.4% since July 1. Affected by the Russian-Ukrainian war, the price of natural gas in Henry Hub, a North American market benchmark, soared more than 9% to $8.14 per million British thermal units (mmBtu), the highest since September 2008. According to data from Dimai Industrial Consulting Company, the price of pipeline gas in Europe has been maintained at 3 to 5 US dollars in the past, which was also affected by the war.
Chen Zhongshun, an assistant researcher at the Green Economy Research Center of the Chinese Academy of Economics, analyzed that natural gas can replace coal and can also be used as a backup for renewable energy, driving gas prices higher. Taiwan relies on imports for 98% of its energy. International prices are soaring, and business costs are bound to increase. Certain costs are passed on to consumers. Li Huangzhang, CEO of PetroChina's Natural Gas Division, pointed out that China and India, in particular, have actively implemented coal-to-gas conversion in recent years, and demand has risen year after year. China's purchase volume surpassed Japan's for the first time last year, breaking through 80 million tons, making it the world's largest natural gas market. He did not shy away from saying, "Even if the Russian-Ukrainian war ends and the European energy diversification strategy is fermented, it is estimated that gas prices will remain high in 3 to 5 years.