About Sinopec Capital
Sinopec Capital was jointly funded and established by China Petrochemical Corporation and China Petroleum & Chemical Corporation. It focuses on the investment in strategic emerging industries such as new energy, new materials, energy conservation and environmental protection, high-end intelligent manufacturing, big data, and artificial intelligence.
Sinopec Capital Headquarter Location
22nd Floor, East Tower, World Financial Center, No. 1, East Third Ring Middle Road, Chaoyang District
Beijing, Beijing, 100026,
Latest Sinopec Capital News
Apr 21, 2021
Sinopec Capital invests in LanzaTech LanzaTech’s platform takes pollution and recycles it, eliminating single-use carbon. Examples of the uses of the technology include taking steel mill emissions in China and unsorted, unrecyclable household waste in Japan and converting these wastes to ethanol which can be further converted to sustainable aviation fuel or polyethylene for consumer goods. Of particular interest to Sinopec is LanzaTech’s synthetic biology capability which enables the production of chemicals directly from waste carbon, rather than via a building block such as ethanol. Over 50 chemicals have already been demonstrated, including continuous production of acetone and isopropyl alcohol at pilot scale. When products made via this carbon recycling process reach the end of their useful life, they can go unsorted and uncleaned to a LanzaTech facility and be converted back into a gas stream and recycled repeatedly without losing any of the properties of the original material. This locks carbon into a cycle and supports a transition to a circular economy, an area of focus in China’s State Council guidelines released in February to develop a green and low-carbon circular economy, emphasizing energy and resource conservation at all levels. The transaction aligns with China’s commitments to promoting energy system transformation and reforming its entire economic and social system to achieve the goal of carbon neutrality and the US-China collaboration in the development of climate solutions