Recently, Shandong Gaofeng Environmental Energy (000803.SZ), a subsidiary of Shandong Gaofeng Holding Group, launched a “Carbon Neutrality – Carbon Asset Investment Collective Fund Trust Plan” in cooperation with Shandong International Trust Co., Ltd. The two phases, totaling 200 million yuan in trust funds, were sold out instantly, demonstrating the market’s high recognition of this innovative carbon asset green trust product. This is also the first green trust in China to utilize CCER (China Certified Emission Reduction) carbon asset revenue rights with green certification.
The target of this trust plan is the specific asset revenue rights corresponding to 6 million tons of CCERs that Shandong Gaofeng Environmental Energy plans to develop. These CCERs are equivalent to saving 3.28 million tons of standard coal emissions. Shandong International Trust, through the establishment of the “Carbon Neutrality – Carbon Asset Investment Collective Fund Trust Plan,”
acquires the specific asset revenue rights using the trust funds under the trust plan. During the term of the trust plan, Shandong Gaofeng Environmental Energy manages the target project and pays investment returns to Shandong International Trust, or repurchases the specific asset revenue rights according to the contract. By innovatively utilizing financial instruments, Shandong High-Tech Environmental Energy Co., Ltd. (Shanghai High-Tech Environmental Energy) has revitalized its CCER carbon assets, realizing future asset returns in advance and transforming them into financial guarantees for high-quality development.
As the “dual-carbon” action enters a deeper phase and the national carbon emission trading market is gradually being established and improved, the asset value of enterprises’ carbon emission reduction capabilities is becoming increasingly prominent. In May of this year, Shandong High-Tech Holdings Group invested HK$4.685 billion to acquire 43.45% of the shares of Shandong High-Tech New Energy (formerly “Beijing Enterprises Clean Energy Group”, 01250.HK), becoming the controlling shareholder of Shandong High-Tech New Energy and also the largest single shareholder of the A-share listed company Shandong High-Tech Environmental Energy (formerly “Beijing Clean Energy”). As the only domestic main board listed company whose main business is the disposal and resource utilization of kitchen waste, Shandong High-Tech Environmental Energy has invested in kitchen waste and food waste treatment projects in cities such as Jinan, Qingdao, Yantai, Taiyuan, Xiangtan, Wuhan, Lanzhou, Datong, Yinchuan, and Tianjin, with a daily processing capacity of approximately 4,000 tons. After further processing the extracted oils, Shandong Gaoyuan Energy produces industrial-grade blended oils for export to Europe, with an annual export volume of 150,000 tons.
Since last year, Shandong Gaoyuan Holding Group has been committed to its strategic goal of becoming an outstanding industrial holding group. It focuses on strategic emerging industries such as new energy and new technologies, carefully selecting investment targets with good growth potential and strategic and industrial synergies with its controlling shareholder, and steadily increasing the proportion of industrial investment. In particular, through the acquisition of Shandong Gaoyuan New Energy, it has rapidly entered the renewable energy and clean energy market. In the future, the company will fully leverage its resource endowments, promote innovative cooperation mechanisms between its new energy subsidiaries and financial institutions, jointly develop green financial products, achieve a virtuous cycle of industrial and financial integration, and forge a green, low-carbon, and high-quality development path.
