China issues 5-year plan to boost green development of industrial sectors _China Hongqiao_China,Issues,5,year,Plan,to,Boost,Green,Development,of,Industrial,Sectors

China Hongqiao Group Co., Ltd. is one of the world’s largest aluminum producer covering the entire aluminum industry chain. It is specialized in thermoelectric, mining, and producing aluminum products, holding sustainability and social welfare at its core.

China Hongqiao is one of the world’s largest aluminum producer with an annual production capacity of more than 6 million tonnes per year. Innovation-centered and quality-focused, it has a diverse product portfolio that covers the aluminum industry chain and extends into the energy sector.

As one of the largest aluminum producers in the world, China Hongqiao holds its core value of “from society and for society” and keeps committed to social welfare and environmental protection.

China Hongqiao is one of the world’s largest aluminum producers. It was listed on the Main Board of the Hong Kong Stock Exchange in 2011 and it was included as constituent stock by Heng Seng Index Co., Ltd. in 2022. By the end of 2022, its total assets reached RMB 200.34 billion and the number of its employees exceeded 40,000.

It had subsidiaries include Shandong Hongqiao New Material Co., Ltd, Shandong Weiqiao Aluminum and Electricity Co., Ltd, Shandong Hongtuo Industrial Co., Ltd, Yunnan Hongqiao New Energy Co., Ltd, Shandong Hongchuang Aluminum Industry Holding Co., Ltd, and Indonesia PT. Well Harvest Winning Alumina Refinery. which make China Hongqiao one of largest aluminum manufacturer and one of the leading aluminum product manufacturers in the globe.

China Hongqiao employs more than 43,000 workers in its 11 production bases in China and overseas. Hongqiao is dedicated to providing a healthy, safe and comfortable working environment and diverse opportunities.

China Hongqiao Group Co., Ltd. was founded in Cayman Islands and listed on the main board of Hong Kong Stock Exchange in 2011. By the end of 2018, it has a total assets of 176.7 billion yuan and more than 40000 employees. It is a large-scale enterprise integrating thermoelectricity

Last December 3rd, China released a plan for the green development of its industrial sectors during the 14th Five-Year Plan period (2021-2025), a step forward in the country’s pursuit of low-carbon growth.

By 2025, significant progress in the green and low-carbon transformation of China’s industrial structure and production is expected to have been made with technologies and equipment for green development widely applied, according to the plan issued by the Ministry of Industry and Information Technology (MIIT).

The 14^th Five Year Plan outlines how efficiency in energy and resource utilization will be greatly enhanced and green development in the manufacturing sector will improve further by 2025, laying a solid foundation for the peaking of carbon emissions in industrial sectors by 2030.

In this year’s China’s five year plan’s outline sets a 18% reduction target for CO2 intensity and 13.5% reduction target for energy intensity from 2021 to 2025.

A green manufacturing system for key sectors and regions will be basically established by 2025, with the market value for green and eco-friendly industries reaching 11 trillion yuan (about 1.73 trillion U.S. dollars).

The plan also rolls out specified measures and eight major projects to advance improvements in industrial sectors in terms of industrial upgrades, energy consumption with low-carbon emissions, and the recyclable use of resources, among other areas. Efforts are called for to curb the blind expansion of projects with high energy consumption or high emissions, enhance the utilization of industrial solid waste, and accelerate the improvement of green and low-carbon technologies.

Source: Xinhua Net

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