The General Office of the Shanghai Municipal People's Government issued the “Fifteenth Five-Year Plan for Energy Conservation and Carbon Reduction and Circular Economy Development in Shanghai”. It points out that we will promote the transformation and upgrading of the steel, petrochemical and chemical industries, and strive to save 1% of energy use every year. Promote the transformation of the steel production process from a long process to a short process, achieve the energy efficiency of key processes to the demonstration benchmark level, and continuously improve scrap resource recycling and processing capacity. By 2030, the scrap ratio will reach 30%. Promote clean energy replacement in ironmaking processes, and explore pilot projects for hydrogen-based shaft furnace smelting technology, carbon capture and resource utilization. Optimize the layout of the petrochemical industry and promote the overall transformation of key regions such as Wujing and Gaoqiao. Implement technological transformation such as short-process preparation of basic chemicals to promote system energy saving and energy integration and optimization. Gradually increase the proportion of low-carbon feedstocks and promote the regeneration and recycling of chemical materials such as waste plastics and waste rubber.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.