On July 30th, 2019, Standardization Administration of China (SAC) publicly announced the schedule for development of “The Norm of Carbon Emission Caps per Unit Product of Petroleum and Chemical Industry” on the national public service platform for standards information. This public announcement precedes the actual drafting of the new standard which will not begin until the public announcement period ends on August 13th, 2019.
The Norm of Carbon Emission Caps per Unit Product of Petroleum and Chemical Industry will be drafted by several authorities including the China Petroleum and Chemical Industry Federation and China National Institute of Standardization. The new standards aim to provide a scientific basis for government to implement carbon emission quotas and provide guidance for enterprises to reduce carbon emissions.
This standard regulates the requirements, scope of statistics, calculation methods, and carbon emission management and measures for carbon emission caps, and is applicable to the calculation and evaluation of carbon emission caps for key products (refining, ethylene, urea, synthetic ammonia, methanol, soda ash, caustic soda, monoammonium phosphate, diammonium phosphate). This standard will also apply to newly established enterprise to manage carbon emission per unit product.