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On April 13, SEG and New CO2 Fuels (NCF) held a signing ceremony for a CO2 conversion and cooperation cooperation agreement in Beijing. The two sides stated that they will use the signing of the cooperation agreement as a starting point to begin the industrial pilot work. Both parties will work together to jointly promote the technology to the market and contribute to carbon reduction in the energy and chemical industry.

Executive Director and General Manager of SEG Xiang Wenwu, Robert Annells, Chairman of NCF Corporation, Counselor of Australian Department of Foreign Affairs and Trade, Commercial Counselor, Counselor, Industrial Innovation and Science Resources, Economic Counsellor of the Israeli Embassy, China Institute of Chemical Industry, China Chemical Information Center, Sinopec Great Wall Nenghua and experts in the fields of finance, trade, science and technology, and environmental protection, as well as relevant responsible persons from both companies, participated in and witnessed the signing ceremony.

According to reports, the technology is the use of CO2 and H2O through high-temperature electrochemical conversion of CO and H2 mixed synthesis gas and oxygen. The above-mentioned high-efficiency conversion is completed in one step, and the proportion of different components in the synthesis gas can be completely grasped. Therefore, the system is not only suitable for a variety of industries, but also generates a corresponding amount of synthetic gas according to the customer's demand for the final product.

Wen Wenwu indicated at the signing ceremony that green low-carbon development has become a global consensus. In recent years, the industry has made great progress in carbon capture and storage, but the conversion and utilization of CO2 is still a hot spot for global technology research and development. Based on the technological superiority of the Weizmann Institute, the Israeli NCF company has completed the research on the CO2 electrochemical conversion and utilization technology and achieved breakthroughs in this field. After several exchanges between the SEG and the NCF, they strengthened their understanding, enhanced mutual trust, and found a cooperative point of cooperation for their respective advantages.

Samuel Marks, NCF Director, introduced the project. Robert Annells, Chairman of the Board of Directors, reviewed the development history of NCF and wished the two parties cooperation to bear fruit in the future.

As a responsible big country, China promises to achieve CO2 emission peak by 2030 and officially launched a unified carbon emissions trading system on December 19, 2017. It is expected that China's carbon trading market will reach a scale of trillions. In the future, China's carbon emission reduction market has great potential and provides a broad arena for cooperation between the two sides.