102 tracked facilities, ≈128,888,870 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil refining.
| Metric | Value | Note |
|---|---|---|
| Facilities tracked | 102 | with CO2 estimates |
| Total est. CO2 | 128,888,870 t/yr | Climate TRACE 2023 |
| Average per facility | 1,263,616 t/yr | |
| Gross value (full price) | €10,312M/yr | all tracked CO2 × €80.01/t EUA — before free allocation / EU-bound share |
Carbon pricing here: National ETS (intensity-based): ¥86.13 (31 Mar 2025, Argus). 2024–25 expansion added cement, steel, aluminium (~+3 Gt). Current benchmark: ¥86.13/t (31 Mar 2025). Full country page: carbon price in China.
| # | Facility | Owner | t CO2/yr (est. 2023) | Indicative value |
|---|---|---|---|---|
| 1 | ZPC Zhejiang Rongsheng Refinery | Rongsheng Petro Chemical Co Ltd | 9,941,739 | €795.4M |
| 2 | CNOOC Huizhou Refinery | CNOOC | 5,467,956 | €437.5M |
| 3 | Sinopec Zhenhai Refining and Chemical Refinery | China Petrochemical Corp | 5,217,661 | €417.5M |
| 4 | Sinopec Jinling Petrochemical Nanjing Refinery | China Petrochemical Corp | 4,473,782 | €357.9M |
| 5 | Sinopec Shanghai Petrochemical Refinery | — | 3,976,695 | €318.2M |
| 6 | Shenghong Lianyungang Refinery | Shenghong Refining & Chemical(Lianyungang) Co Ltd | 3,976,695 | €318.2M |
| 7 | Hengli Dalian Changxing Island Refinery | Hengli Petrochemical Co Ltd | 3,849,570 | €308.0M |
| 8 | PetroChina Guangdong Petrochemical Jieyang Complex Refinery | PetroChina Co Ltd | 3,830,418 | €306.5M |
| 9 | Sinochem Quanzhou Refinery | Sinochem | 3,737,568 | €299.0M |
| 10 | Fujian Refining and Petrochemical Refinery | Exxon Mobil Corp | 3,479,609 | €278.4M |
Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.
Boilers, kilns, heat exchangers, valves and steam lines lose energy continuously. Inzonex makes Inzonex Modular Insulation — snap-fastened modules engineered per temperature tier, not generic off-the-shelf jackets:
Every tonne you stop emitting is a tonne you don't have to report: cutting heat loss is a measurable, auditable Scope 1 reduction that flows straight into EU ETS, CBAM and your ESG / CSRD disclosures — not an offset, an actual emission cut.
