On September 22, 2020, President Xi Jinping proposed in the general debate of the 75th United Nations General Assembly that “China will increase its national independent contribution, adopt more powerful policies and measures, and strive to reach the peak of carbon dioxide emissions by 2030, and strive for 2060. Achieve carbon neutrality by the end of the year”, referred to as the “3060 target”. The goal of carbon peak and carbon neutrality is not only an important milestone in the construction of a beautiful China, but also a new starting point for my country's continuous struggle towards the ultimate realization of a comprehensive ecological civilization. As an important link in the construction of ecological civilization, green finance will play a huge role in promoting the adjustment and transformation of the mode of economic development and the industrial structure.

On June 10, under the guidance of the Hefei Central Sub-branch of the People's Bank of China, hosted by the Anhui Finance Society, and specifically undertaken by the Hefei Branch of Industrial Bank, the green finance business seminar "Accelerating the Development of Green Finance and Helping Carbon Peak and Carbon Neutrality" officially kicked off . The meeting invited leaders of the Hefei Central Branch of the People's Bank of China, Hefei Branch of Industrial Bank, leaders of various local governments, and representatives of outstanding enterprises to attend the meeting and made important speeches. Mr. Xu Hui, chairman of Yuanchen Technology, was invited to participate.

At the meeting, Chairman Xu Hui first expressed his deep gratitude to Industrial Bank for helping Yuanchen Technology to build a large health industry chain during the epidemic, achieving rapid loan funds of 100 million yuan, and jointly contributing to the major support of epidemic prevention. . He pointed out that since 2005, Yuanchen Technology has been committed to the research and development and industrialization of new environmentally friendly materials, and has contributed to the early achievement of the dual-carbon goal. In the field of energy conservation, the company saves about 400,000 tons of standard coal, which translates to about 800,000 tons of carbon dioxide emissions, through the use of filter products with high efficiency and low resistance, low temperature catalysts for steel sintering machines, photovoltaic power generation, and the establishment of energy systems for peak shaving and valley filling. In the field of emission reduction, the company's annual output of filter bags can reduce particle emissions by approximately 11,700 tons, which translates to a reduction of 250,000 tons of standard coal, which is equivalent to a reduction of 520,000 tons of carbon dioxide. The denitration catalyst products can reduce 197,100 tons of nitrogen oxides each year. In the field of resource recycling, after obtaining the HW50 waste catalyst hazardous waste business license in December 2015, our company has actively carried out the collection, storage and utilization of waste denitrification catalysts. At present, 13,000 tons of denitrification catalysts have been processed, which is equivalent to saving 18,200 tons of standard coal and reducing carbon dioxide emissions by 48,600 tons. The company plans to invest 1 billion yuan to build the Yuanchen Technology New Material Recycling Industrial Park in Hefei Xinzhan High-tech Zone. According to estimates, after the project is put into production, the industrial catalyst production capacity will be doubled. After the waste catalyst project is put into production, the production capacity will be increased by 30 times. Revenue and profits will increase substantially.

At the same time, in combination with its main products, the company currently has research on hydrogen fuel cell catalysts, proton exchange membranes, and carbon dioxide hydrogenation catalysts for methanol production. In terms of carbon monitoring and carbon verification, the company has formed a strategic development plan and landing deployment.

Chairman Xu Hui emphasized that the development of an enterprise is inseparable from the support of the government. It is hoped that the government can introduce more resources for the innovation and development of enterprises, share advanced technology and successful experience, in order to implement stepped carbon peaks, encourage regions with conditions to reach peaks in advance, and leave time and space for backward areas. Different implementations peaked in turn, with high-emission areas such as power plants, steel, and cement taking the lead in peaking. At the same time, corresponding incentives and penalties have been introduced to effectively increase green financial resource tilt and service innovation, and integrate resources to support green and low-carbon projects in the environmental protection industry.

Carbon peaking and carbon neutrality are my country’s goals for the overall international and domestic considerations. It is a solemn commitment made to the international community after comprehensive consideration of ecological civilization and economic development. It is of great significance to the global response to climate change and the high-quality development of my country’s economy. . At the end of the event, the participating leaders took the stage to jointly launch the "Accelerate the Development of Anhui Province Green Finance Initiative". So far, everyone reached an agreement and formed an alliance: "Accelerate the development of green finance, help carbon peak and carbon neutral", and jointly protect the green mountains of the motherland!