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China's domestic carbon market set for revamp; Article 6 in limbo   China's domestic compliance and voluntary carbon markets are on track for significant upgrades in 2024, notably enforcing high-level legislation, rebooting voluntary registry, and expanding compliance market to new sectors, even as the country's Article 6 implementation plan remains in limbo. As the world's largest compliance market by emissions covered, China's emission trading scheme is expected to be upgraded this year to better support the country's carbon peaking journey. The significant improvements in price and liquidity have laid a strong foundation for market evolution. The annual average trading price for China Emission Allowances (CEAs) reached Yuan 68.15/mtCO2e ($9.62/mtCO2e) in 2023, up 23.24% on the year. CEA trade volume was 212 million mtCO2e for the year, jumping 316%, the exchange data showed. Meanwhile, for domestic voluntary market, called China Certified Emission Reduction (CCER) market, a smooth relaunch is expected in 2024 after a six-year pause of new project registration. Nevertheless, whether and how China will participate in the Article 6 market remains a wild card. China is one of the world's largest suppliers in the voluntary carbon market (VCM), but policymakers have showed great caution towards stepping into the Article 6 market.

Houston, April 25, 2024 - In an evening marked by camaraderie and knowledge sharing, industry leaders convened at Dow Chemical's exclusive invitational dinner on April 25th. Hosted by Dow Chemical, the event served as a platform for professionals to engage in meaningful discussions, exchange insights, and foster collaborations. The gathering brought together a diverse array of professionals representing various sectors of the industry, from chemical engineering to environmental science. Attendees included executives, researchers, and entrepreneurs, all driven by a common goal of advancing innovation and sustainability within the chemical sector. Throughout the evening, participants engaged in lively discussions on a wide range of topics, including technological advancements, regulatory developments, and market trends. The exchange of ideas was facilitated by interactive sessions and networking opportunities, allowing attendees to forge new connections and gain valuable insights from their peers. The invitational dinner also featured presentations from distinguished speakers, who shared their expertise on key industry themes and emerging trends. These insights provided attendees with valuable perspectives and inspired thought-provoking discussions on the future direction of the chemical sector. As the evening drew to a close, participants departed with renewed enthusiasm and a deeper understanding of the opportunities and challenges facing the industry. The event served as a testament to the power of collaboration and underscored the importance of continued dialogue in driving progress and innovation. Looking ahead, Dow Chemical remains committed to fostering a culture of collaboration and knowledge sharing within the industry. By leveraging the collective expertise of industry leaders, the company aims to drive sustainable growth and make a positive impact on the world.        

Hongjinxiang Company Expands Global Reach at Shanghai International Rubber & Plastics Exhibition Shanghai, China - April 26, 2024 - Hongjinxiang Company, a leading player in the plastics industry, showcased its innovative products and capabilities at the Shanghai International Rubber & Plastics Exhibition from April 23rd to 26th, 2024. The event provided a platform for meaningful exchanges with industry peers from around the world, resulting in numerous successful trade partnerships. During the four-day exhibition, representatives from Hongjinxiang engaged in in-depth discussions with fellow professionals from various countries, demonstrating the company's commitment to excellence and its extensive product range. Through live demonstrations and interactive presentations, visitors gained insights into Hongjinxiang's cutting-edge technologies and solutions. "We are thrilled with the outcomes of our participation in the Shanghai International Rubber & Plastics Exhibition," said Mr Zhou Yangkai, CEO of Hongjinxiang Company. "The event provided us with an invaluable opportunity to connect with international counterparts and explore avenues for collaboration. By showcasing our products and capabilities, we have forged several promising trade partnerships that will contribute to our continued growth and success." The exhibition served as a platform for Hongjinxiang Company to highlight its commitment to innovation, quality, and customer satisfaction. With its strong presence and positive reception at the event, the company solidified its position as a key player in the global plastics market. About Hongjinxiang Company: Hongjinxiang Company is a renowned supplier of high-quality plastics raw materials, serving diverse industries worldwide. With a focus on innovation and customer-centric solutions, the company has established itself as a trusted partner for businesses seeking reliable plastic solutions.