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Data layer · est. 2023

Petrochemicals (steam cracking) in China: emitters, CO2 & carbon value

29 tracked facilities, ≈51,561,246 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 petrochemicals (steam cracking).

The numbers

Petrochemicals (steam cracking) in China at a glance

MetricValueNote
Facilities tracked29with CO2 estimates
Total est. CO251,561,246 t/yrClimate TRACE 2023
Average per facility1,777,974 t/yr
Gross value (full price)€4,125M/yrall 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.

Largest emitters

Top 10 petrochemicals (steam cracking) CO2 emitters in China

#FacilityOwnert CO2/yr (est. 2023)Indicative value
1Zhejiang Petroleum & Chemical, Zhejiang, ZhoushanZhejiang Petroleum & Chemical Co Ltd6,803,536€544.4M
2Sinopec Zhenhai Petrochemical, Zhejiang, Zhenhai—3,761,677€301.0M
3CNOOC & Shell Petrochemical, Guangdong, Daya BayCNOOC 3,761,677€301.0M
4Petrochina Dushanzi Petrochemical, Xinjiang, Dushanzi —3,419,707€273.6M
5Luqing Petrochemical, Shandong, Shouguang—2,833,363€226.7M
6Satellite Chemical (STL), Jiangsu, LianyungangSatellite Chemical 2,709,985€216.8M
7Hengli Petrochemical, Liaoning, Dalian Hengli Group Co Ltd2,564,780€205.2M
8Zhonghan Wuhan Petrochemical, Hubei, WuhanChina Petrochemical Corp2,393,795€191.5M
9Sinopec - SABIC Tianjin Petrochemical, Tianjin, Tianjin Saudi Basic Industries Corp2,222,809€177.8M
10Petrochina Guangdong Petrochemical, Guangdong, Jieyang—2,051,824€164.2M

Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.

⬇ This table (CSV)🖨 PDF for management
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Same industry, other countries
Petrochemicals (steam cracking) in United States
50,952,096 t CO2/yr
Petrochemicals (steam cracking) in Saudi Arabia
24,328,333 t CO2/yr
Petrochemicals (steam cracking) in South Korea
17,359,518 t CO2/yr
Petrochemicals (steam cracking) in India
12,476,876 t CO2/yr
Petrochemicals (steam cracking) in Iran
11,916,562 t CO2/yr
Other industries in China
Iron & steel in China
1,317,489,541 t CO2/yr
Cement in China
584,603,392 t CO2/yr
Chemicals in China
296,678,043 t CO2/yr
Aluminium in China
203,859,321 t CO2/yr
Oil & gas production in China
160,128,617 t CO2/yr
FAQ

Questions

How many petrochemicals (steam cracking) facilities does China have with tracked emissions?
29 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈51,561,246 t CO2/yr.
What is the largest petrochemicals (steam cracking) emitter in China?
Zhejiang Petroleum & Chemical, Zhejiang, Zhoushan — ≈6,803,536 t CO2/yr (est. 2023). Estimates are modelled, not verified declarations.
What would this CO2 cost at the EU price?
The gross full-price value is ≈€4,125M/yr (all tracked CO2 × €80.01/t EUA). Actual EU ETS cost is lower — free allocation still covers most industrial emissions, phasing out 2026→2034.
How this page is built: heat-loss figures follow ASTM C680 / ISO 12241 (the method behind our public calculators); facility emissions from Climate TRACE & EU ETS verified data across 30,000+ industrial sites; the 2026–2034 schedule is Regulation (EU) 2023/956, not a forecast. Published by Inzonex Research. Spotted an error? Tell us — we correct on evidence.
Source: Inzonex Carbon Hub — inzonex.co.uk/carbon · prices dated as shown on each figure · schedule per Regulation (EU) 2023/956 · indicative analytics, not compliance advice.