Sinopec Capital Corporation Invests in Longze Technology

Source: www.gulfoilandgas.com 4/19/2021, Location: Asia

This reporter learned from the Sinopec News Office that the Sinopec Group Capital Co., Ltd. investment in the Longze Technology Project was successfully completed on April 12, opening the global new energy and new materials field layout.

Longze Technology is an industrial biotechnology platform company registered in New Zealand with actual operation and research and development in Chicago, USA. It is a global leader in carbon recycling. Sinopec Capital Corporation’s investment in Lanze Technology is a strategic move to lay out the bio-chemical industry chain ecosystem and invest in the global new energy and new materials field. It is an important means to achieve carbon capture, carbon conversion, and carbon recycling. It will act as a lever to promote the application and market promotion of biotechnology, and help Sinopec to transform and upgrade and achieve the goal of carbon peak and carbon neutrality. The two parties will give full play to their respective advantages to accelerate the construction of a global platform for the production of chemicals from industrial exhaust gas, and jointly fulfill their commitment to address climate change.

Sinopec Capital Corporation has been established 3 years ago, playing the role of industrial capital incubation and leveraging, focusing on new energy, new materials, and new economy, investing in hydrogen fuel cell system supplier Shanghai Remodeling Technology, initiating the establishment of Enze Fund, and accelerating the entire hydrogen energy industry chain Investment layout: Invest in Ruifeng New Materials, Silicon Valley Intelligence, Baijia, Hisun Bio, etc., layout lubricant additives, photovoltaic glass, photovoltaic film, polylactic acid degradable materials and biomass chemical industry chain, and realize carbon for Sinopec Achieve peak and carbon neutral goals to provide assistance.


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